Everything is correct but I need some hints or explanations how these numbers are calculated.

I need some explanations how to Compute the answers or with its necessary formula or steps. Thanks

Elizabeth College, a small private college, had the following transactions in fiscal ye 1. Gross tuition and fees revenue totaled $5,600,000. Tuition waivers and scholars waivers granted, $276,400 was for teaching assistantships, which is an instructio 2. Students received tuition refunds of $101,670. 3. During the year, the college received $1,891,000 cash in unrestricted private gifts $1,000,000 in securities for an endowment. 4. A pledge campaign generated $1,090,000 in pledges. Of the amount pledged, $ $300,000 was for endowments, and the remainder of the pledges had no purpos 2021. 5. Auxiliary enterprises provided goods and services that generated $94,370 in cas 6. Collections of tuition receivable totaled $5,080,000, 7. Unrestricted cash of $1,000,000 was invested 8. The college purchased computer equipment at a cost of $10,580. 9. During the year, the following expenses were paid: 10. Instruction provided $450,000 in services related to the restricted grant recorded 11. At year-end, the allowance for uncollectible tuition and fees was increased by $7, $11,540; of this amount, $3,040 was associated with endowment investments and with the remainder allocated to net assets without donor restrictions. Depreciatior to instruction, $41,000 to auxiliary enterprises, and $12,450 to academic support. 12. All nominal accounts were closed. Required a-1. Prepare journal entries to record the foregoing transactions for the fiscal year en a-2. Prepare closing entries for the fiscal year ended June 30,2020. b. Prepare a statement of activities for the year ended June 30,2020. Assume beg donor restrictions, and $5,200,000 with donor restrictions. d Califori Prepare journal entries to record the foregoing transactions for the fiscal atement of activities for the year ended June 30, 2020. Assume beginning net asset amoum or restrictions, and $5,200,000 with donor restrictions. (Amounts to be deducted should be Elizabeth College, a small private college, had the following transactions in fiscal year 2020. 1. Gross tuition and fees revenue totaled $5,600,000. Tuition waivers and scholarships of $346.000 were granted Cfithe turtion waivers granted, $276,400 was for teaching assistantships. Which is an instruction expense. 2. Students received tuition refunds of $101,670. 3. During the year, the college received $1,891,000cash in unrestricted private gifts, $575,200 cash restricted for grants, and $1,000,000 in securities for an endowment. 4. A pledge campaign generated $1,090,000 in pledges. Of the amount pledged, $573,200 was for the capital construction campaign. 2021. $300,000 was for endowments, and the remainder of the pledges had no purpose restrictions. The piedges will all be collected in 5. Auxiliary enterprises provided goods and services that generated $94.370 in cash. 6. Collections of tuition receivable totaled $5,080,000 7. Unrestricted cash of $1,000,000 was invested 8. The college purchased computer equipment at a cost of $10.580 9. During the year, the following expenses were paid: 10. Instruction provided $450,000 in services related to the restricted grant recorded in transaction 2 11. At year-end, the allowance for uncollectible tuition and fees was increased by $7,200. The fair value ofinvestments had increased $11,540 : of this amount, $3,040 was associateo with endowment investments and allocated to net assets with donor restrictions, with the remainder allocated to net assets withour donorrestrictions. Depreciation on plant and equipment was allocated $34.750 12. All nominal accounts were closed Required a-1. Prepare journal entries to record the foregoing transactions for the fiscal year ended June 30,2020 a-2 Prepare closing entries for the fiscal year ended June 30.2020. b. Prepare a statement of activities for the year ended June 30. 2020. Assume beginning net asset amounts of $7.518.000 without donor restrictions, and $5,200,000 witn donor restrictions. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the fonegoing tansactions for the fiscal year ended June 30 , 2020 . (If no entry is required for a transaction/event, select No Jurnal Entry Required in the finstaccount field.) Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare journal entries to record the foregoing transactions for the fiscal year ended June 30, 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the tuition and fees receivable, the waivers and scholarships. Note: Enter debits berore creults. Prepare journal entries to record the foregoing transactions for the fiscal year ended June 30, 2020. (If no ent transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet DEFGHN Record the tuition and fees refunds. None: Enter debils before credits. Journal entry worksheet Record the receipt of cash and investment contributions. Journal entry worksheet Record the pledges generated, classifying into with donor restrictions. Note: Enter debits before credits. Journal entry worksheet Record the revenue generated by auxiliary enterprises. Note: Enter debits before credits. Journal entry worksheet Record the collection of tuition and fees. Nute: Enter debits Lefore uredits. Journal entry worksheet Record the investment made from unrestricted cash, Nota: Enter dedns betbre credfts Journal entry worksheet Record the purchase of equipment. Hute: Enter dubits bufore credits. Journal entry worksheet Record the payment of expenses for the year. Note: Enter debits before cretits. Record the payment made towards instruction expenses. Note: Enter debits before credits. Journal entry worksheet