BOOK; Government _Non for profit 8 edition , chp 13- pg 611-

the fund balance sheet of Sundown State University, a public institution, is presented below. For purposes of external reporting, the university has opted to report as a special-purpose entity that engages in business type activities.

As best the data permit, recast the balance sheet into one that conforms to current generally accepted accounting principles.

Sundown State University, Fund Balance Sheet (in thousands)

	Current	Loan	Endowment	Plant	Total
Assets
Cash and temporary investments	$18,567	$22,108	$29,611	$10,853	$81,139
Accounts receivable		2,736		45,974	48,710
Inventories	1,990				1,990
Loans to other funds	8,557		6,879		15,436
Land, buildings, and equipment, net of accumulated depreciation				283,181	283,181
Total assets	$29,114	$24,844	$36,490	$340,008	$430,456
Liabilities
Accounts payable	$23,024			$1,704	$24,728
Loans from other funds		$ 32		15,404	15,436
Bonds payable		24,505		188,466	212,971
Total liabilities	$23,024	$24,537	$ 0	$205,574	$253,135
Net assets	$6,090	$ 307	$36,490	$134,434	$177,321
Fund balances
Restricted by donors	$4,102		$20,346	$134,434	$158,882
Designated by the university	1,002		10,000		11,002
Without donor restrictions	986	$ 307	6,144	0	7,437
Total fund balance	$6,090	$ 307	$36,490	$134,434	$177,321

Please enter information below in the journal template.

Chapter 13 :

Problem 13-3 (textbook pages 611-612)

1. Journal entries

	Debit	Credit
(2)
(3)
(4)
(5)
(6)

Problem 13-4 (textbook page 615)

Amount of Revenue Reported	With restrictions or Without restrictions	If restricted, time period for restriction	Explanation
1.
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5.