and University Accounting-Private Institutions 3 el-Based Problems Us ear with the following account balances DebitsCredits ht 5 350000 ,618,00 Acounts Recewable for Uncollectible Accounts Accrued Interest Recervable Contribubons Receivable Alowance for Uncolectible Contributions Loans to Students and Faculey Long-Term Investments Property. Plant, and Equipment Accoumulated Depreciation 49 000 425,000 520,000 Property, Plant, and Equipment Accounts Payable Long-Term Debt: Current instalment Lang-Term Debt: Noncurrent Net Assets-Unrestricted Board Designated Vet Assets-Unrestricted-Undesignated Net Assets-Temporarily Restricted et Assets- Permanently Restricted 500 000 50,000 8,500 000 2,815,000 400,000 5.555,000 0.087 000 $38 742.00-742.00 otals During the year ended June 30, 2015, the following transactions occurred 1. Cash collections included: accounts receivable. $1.227,000 accrued in terest receivable, $49,000; contributions receivable, $4,985,000; and for Joans to students and faculty. $155,000. Of the contributions, $1,900,000 was for plant acquisition (use for cash flow statement) Cash payments included accounts payable. $130,000 andthe curent por tion of long-term debt, $150,000. revenues included tuition and fees, $21,740000 unestricted dowment investments, $400000, other investment income 3. Unrestricted income o $300,000; and sales and services of auxiliary enteprises $33,690 creased: accounts in cash was received, and the following receivables were i Schol entfor which no services were required, were applied to st t receivable, $3,500,000; accrucd inerest receivahle, $500 Contribuints in the amount of $2,70,000 ntributions were received $4,900,000: temporarily res tio aporarily restricted, $5,400000: permanently resmioked $2000,000. of that restricted to plant acquisiti amount, $7,020,000 was received in cash; contnibe unt of $50000 and an- ons were received in the following amcunts toeased S5,280,000. None of these contributioas were receivable were written ofin the amour and University Accounting-Private Institutions 3 el-Based Problems Us ear with the following account balances DebitsCredits ht 5 350000 ,618,00 Acounts Recewable for Uncollectible Accounts Accrued Interest Recervable Contribubons Receivable Alowance for Uncolectible Contributions Loans to Students and Faculey Long-Term Investments Property. Plant, and Equipment Accoumulated Depreciation 49 000 425,000 520,000 Property, Plant, and Equipment Accounts Payable Long-Term Debt: Current instalment Lang-Term Debt: Noncurrent Net Assets-Unrestricted Board Designated Vet Assets-Unrestricted-Undesignated Net Assets-Temporarily Restricted et Assets- Permanently Restricted 500 000 50,000 8,500 000 2,815,000 400,000 5.555,000 0.087 000 $38 742.00-742.00 otals During the year ended June 30, 2015, the following transactions occurred 1. Cash collections included: accounts receivable. $1.227,000 accrued in terest receivable, $49,000; contributions receivable, $4,985,000; and for Joans to students and faculty. $155,000. Of the contributions, $1,900,000 was for plant acquisition (use for cash flow statement) Cash payments included accounts payable. $130,000 andthe curent por tion of long-term debt, $150,000. revenues included tuition and fees, $21,740000 unestricted dowment investments, $400000, other investment income 3. Unrestricted income o $300,000; and sales and services of auxiliary enteprises $33,690 creased: accounts in cash was received, and the following receivables were i Schol entfor which no services were required, were applied to st t receivable, $3,500,000; accrucd inerest receivahle, $500 Contribuints in the amount of $2,70,000 ntributions were received $4,900,000: temporarily res tio aporarily restricted, $5,400000: permanently resmioked $2000,000. of that restricted to plant acquisiti amount, $7,020,000 was received in cash; contnibe unt of $50000 and an- ons were received in the following amcunts toeased S5,280,000. None of these contributioas were receivable were written ofin the amour