Question
I am wondering if you have a detailed paper on the below subject or at least the three statements required including the details on the
I am wondering if you have a detailed paper on the below subject or at least the three statements required including the details on the calculations (numbers). Thank you for any help that you can give to me...
Lee College Financial Information
Final Project
The purpose of the Final Project is for you to demonstrate understanding of the reading as well as culminate the learning achieved in the course by describing your understanding and application of knowledge.
Focus of the Final Project
Review the financial information pertaining to Lee College in problem 11-8 on pages 362 of your text. Prepare the following:
A Statement of Activities using the format presented in Illustration 10-2. (Illustration 10-2 i a Statement of Activities and has columns for Unsrestricted, Temporarily Restriced, Permanently Restricted, and Total; if yo need a copy of it I will type one up for you).
A Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets.
A Statement of Changes in Net Assets.
Your paper must:
Include both the completed financial statements and detailed analysis of the data provided.
Explain the process by which you completed the final statements and include any applicable supporting information computations and explanations.
Offer an in-depth analysis of the financial health of Lee College.
Guidelines for Writing the Final Paper
Must be a minimum of five to seven double-spaced pages in length (not including the title and reference pages) and formatted according to APA style as outlined in the approved APA style guide.
Must include a cover page that includes:
Students name
Course name and number
Title of project
Instructors name
Date submitted
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the project with critical thought.
Must end with a conclusion that reaffirms your thesis.
Must use at least two scholarly sources, in addition to the text.
Must document all sources in APA style, as outlined in the Ashford Writing Center.
Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.
11-8:
Presented below are the closing entries for Lee College, a private not-for-profit, for the year ended December 31, 2014.
| Debits | Credits |
Revenues-Unrestricted-Tuition and Fees | $11,000,000 |
|
Revenues-Unrestricted-Unrestricted Income on Endowment Investments | 40,000 |
|
Revenues-Unrestricted-Sales and Services of Auxiliary Enterprises | 5,500,000 |
|
Revenues-Unrestricted-Contributions | 100,000 |
|
Reclassifications to Unrestricted Net Assets-Satisfaction of Program Restrictions | 720,000 |
|
Reclassifications to Unrestricted Net Assets-Satisfaction of Plant Acquisition Restrictions | 1,080,000 |
|
Net Assets-Unrestricted | 110,000 |
|
Tuition Discount-Unrestricted-Student Aid |
| $375,000 |
Instruction Expense |
| 7,000,000 |
Research Expense |
| 4,500,000 |
Public Service Expense |
| 1,200,000 |
Institutional Support Expense |
| 1,600,000 |
Student Services Expense |
| 150,000 |
Auxiliary Enterprise Expense |
| 3,725,000 |
Revenues-Temporarily Restricted-Contributions | 1,500,000 |
|
Revenues-Temporarily Restricted-Grants | 970,000 |
|
Reclassifications From Temporarily Restricted Net Assets-Satisfaction of Program Restrictions |
| 720,000 |
Reclassifications from Temporarily Restricted Net Assets-Satisfaction of Plant Acquisition Restrictions |
| 1,080,000 |
Net Assets-Temporarily Restricted |
| 670,000 |
Revenues-Permanently Restricted-Contributions | 2,540,000 |
|
Gains on Long-Term Investments | 750,000 |
|
Net Assets-Permanently Restricted |
| 3,290,000 |
Assume the January 1, 2015, net asset balances are as follows: $1,000,000 unrestricted net assets; $300,000 temporarily restricted net assets; and $1,760,000 permanently restricted net assets.
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