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Excellent Education Institute is a small, not-for-profit college. The college uses fund accounting to ensure proper stewardship of its assets by segregating funds according to

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"Excellent Education Institute" is a small, not-for-profit college. The college uses fund accounting to ensure proper stewardship of its assets by segregating funds according to their intended purposes. It helps track the allocated resources in different fund types, with each fund type having a different purpose depending on the source of revenue. "Excellent Education Institute" has 4 main funds as follows: - Unrestricted Current Fund - Restricted Current Fund - Plant Fund - Endowment Fund Regarding the expenses, "Excellent Education Institute" charges its expenses to the followings: - Instruction and research - Student services - Plant operations - Auxiliary enterprises During the year 2022, the following transactions took place: The college asked for your assistance in preparing the journal entries required to document its transactions during the year 2022 based on what you learned in ACCT 323 course. You should identify the net asset classification as appropriate and show which fund is used to record each transaction

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