I was able to do up to the first set of closing entires. But entries b-d I was unable to understand and figure out. I am also seeking help wiht the statement of activities. I do not understand how that is caculated.

Elizabeth College, a small private college, had the following transactions in fiscal year 2020. 1. Gross tuition and fees revenue totaled $5,680,000. Tuition waivers and scholarships of $386,000 were granted. Of the tuition waivers granted, $284,400 was for teaching assistantships, which is an instruction expense. 2. Students received tuition refunds of $105,670. 3. During the year, the college received $1,899,000 cash in unrestricted private gifts, $577,200 cash restricted for grants, and $1,200,000 in securities for an endowment. 4. A pledge campaign generated $1,490,000 in pledges. Of the amount pledged, $593,200 was for the capital construction campaign, $420,000 was for endowments, and the remainder of the pledges had no purpose restrictions. The pledges will all be collected in 2021. 5. Auxiliary enterprises provided goods and services that generated $102,370 in cash. 6. Collections of tuition receivable totaled $5,120,000. 7. Unrestricted cash of $1,200,000 was invested. 8. The college purchased computer equipment at a cost of $14,580. 9. During the year, the following expenses were paid: Instruction Academic support Student services Institutional support Auxiliary enterprises $3,576, 040 2,007,000 91,980 505, 130 96,410 10. Instruction provided $490,000 in services related to the restricted grant recorded in transaction 3. 11. At year-end, the allowance for uncollectible tuition and fees was increased by $8,000. The fair value of investments had increased $12,340; of this amount, $4,240 was associated with endowment investments and allocated to net assets with donor restrictions, with the remainder allocated to net assets without donor restrictions. Depreciation on plant and equipment was allocated $36,750 to instruction, $43,000 to auxiliary enterprises, and $13,650 to academic support. 12. All nominal accounts were closed. No Transaction Debit Credit 01 5,294,000 General Journal Tuition and Fees Receivable Tuition and Fees Discount and Allowances Instruction Expense Tuition and Fees-Without Donor Restrictions 101,600 284,400 5,680,000 B 02 105,670 Tuition and Fees-Without Donor Restrictions Tuition and Fees Receivable 105,670 03 Cash Investments 2,476,200 1,200,000 Contributions-Without Donor Restrictions ContributionsWith Donor Restrictions-Grants 1,899,000 577,200 ContributionsWith Donor RestrictionsEndowment 1,200,000 D 04 1,490,000 Pledges Receivable Contributions-With Donor Restrictions-Capital Campaign Contributions-With Donor RestrictionsEndowment ContributionsWith Donor RestrictionsTime 593,200 420,000 476,800 E 05 Cash 102,370 Auxiliary Enterprises-Without Donor Restrictions 102,370 F 06 Cash 5,120,000 Tuition and Fees Receivable 5,120,000 G 07 Investments 1,200,000 Cash 1,200,000 H 08 14,580 Equipment Cash 14,580 i 09 Instruction Expense Academic Support Expense Student Services Expense Institutional Support Expense Auxiliary Enterprises Expense Cash 3,576,040 2,007,000 91,980 505,130 96,410 6,276,560 J 10(a) Instruction Expense 490,000 Cash 490,000 10(b) Net Assets-Released from RestrictionsWith Donor Restrictions 490,000 Net Assets Released from RestrictionsWithout Donor Restriction 490,000 J 10(a) Instruction Expense 490,000 Cash 490,000 10(b) Net Assets-Released from RestrictionsWith Donor Restrictions 490,000 Net Assets-Released from RestrictionsWithout Donor Restriction 490.000 L 11(a) Tuition and Fees-Without Donor Restrictions 8,000 Allowance for Doubtful Accounts 8,000 M 11(b) Investments 12,340 Unrealized Gain on Investments-Without Donor Restrictions 8,100 Unrealized Gain on InvestmentsWith Donor RestrictionsEndown 4,240 N N 11(c) Instruction Expense Auxiliary Enterprises Expense Academic Support Expense Accumulated Depreciation 36,750 43,000 13,650 93,400 Prepare closing entries 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.) No Transaction General Journal Debit Credit . 12(a) Tuition and FeesWithout Donor Restrictions ContributionsWithout Donor Restrictions Auxiliary Enterprises-Without Donor Restrictions 5,566,330 1,899,000 102,370 Unrealized Gain on Investments-Without Donor Restrictions 8,100 Tuition and Fees Discount and Allowances Instruction Expense Academic Support Expense Student Services Expense Institutional Support Expense Auxiliary Enterprises Expense Net Assets-Without Donor Restrictions OOOOC 101,600 4,387,190 2,020,650 91,980 505,130 139,410 329,840 B Record the transfer of contributions to net assets-with donor restrictions account. C Record the transfer of contributions to net assets-with donor restrictions endowment account. D Record the entry to reclassify the net asset accounts. Prepare a statement of activities for the year ended June 30, 2020. Assume beginning net asset amounts of $7,598,000 without donor restrictions, and $5,400,000 with donor restrictions. (Amounts to be deducted should be indicated with a minus sign.) With Donor Restrictions Total ELIZABETH COLLEGE Statement of Activities Year Ended June 30, 2020 Without Donor Restrictions Revenues and gains: Student Tuition and Fees (net) Contributions Auxiliary Enterprises Unrealized Gain on Investments Net Assets-Released from Restrictions $ 0 0 0 0 0 0 0 0 0 Total Revenues and Gains Expenses and Losses: Educational and General Expenses Instruction Academic Support Student Services Institutional Support 0 0 0 0 0 0 0 0 0 0 Total Educational and General Expenses Auxiliary Enterprises Total Expenses and Losses Total Change in Net Assets Net Assets, Beginning of the Year Net Assets, End of the Year 0 0 0 $ $ 0 $ 0 $ Elizabeth College, a small private college, had the following transactions in fiscal year 2020. 1. Gross tuition and fees revenue totaled $5,680,000. Tuition waivers and scholarships of $386,000 were granted. Of the tuition waivers granted, $284,400 was for teaching assistantships, which is an instruction expense. 2. Students received tuition refunds of $105,670. 3. During the year, the college received $1,899,000 cash in unrestricted private gifts, $577,200 cash restricted for grants, and $1,200,000 in securities for an endowment. 4. A pledge campaign generated $1,490,000 in pledges. Of the amount pledged, $593,200 was for the capital construction campaign, $420,000 was for endowments, and the remainder of the pledges had no purpose restrictions. The pledges will all be collected in 2021. 5. Auxiliary enterprises provided goods and services that generated $102,370 in cash. 6. Collections of tuition receivable totaled $5,120,000. 7. Unrestricted cash of $1,200,000 was invested. 8. The college purchased computer equipment at a cost of $14,580. 9. During the year, the following expenses were paid: Instruction Academic support Student services Institutional support Auxiliary enterprises $3,576, 040 2,007,000 91,980 505, 130 96,410 10. Instruction provided $490,000 in services related to the restricted grant recorded in transaction 3. 11. At year-end, the allowance for uncollectible tuition and fees was increased by $8,000. The fair value of investments had increased $12,340; of this amount, $4,240 was associated with endowment investments and allocated to net assets with donor restrictions, with the remainder allocated to net assets without donor restrictions. Depreciation on plant and equipment was allocated $36,750 to instruction, $43,000 to auxiliary enterprises, and $13,650 to academic support. 12. All nominal accounts were closed. No Transaction Debit Credit 01 5,294,000 General Journal Tuition and Fees Receivable Tuition and Fees Discount and Allowances Instruction Expense Tuition and Fees-Without Donor Restrictions 101,600 284,400 5,680,000 B 02 105,670 Tuition and Fees-Without Donor Restrictions Tuition and Fees Receivable 105,670 03 Cash Investments 2,476,200 1,200,000 Contributions-Without Donor Restrictions ContributionsWith Donor Restrictions-Grants 1,899,000 577,200 ContributionsWith Donor RestrictionsEndowment 1,200,000 D 04 1,490,000 Pledges Receivable Contributions-With Donor Restrictions-Capital Campaign Contributions-With Donor RestrictionsEndowment ContributionsWith Donor RestrictionsTime 593,200 420,000 476,800 E 05 Cash 102,370 Auxiliary Enterprises-Without Donor Restrictions 102,370 F 06 Cash 5,120,000 Tuition and Fees Receivable 5,120,000 G 07 Investments 1,200,000 Cash 1,200,000 H 08 14,580 Equipment Cash 14,580 i 09 Instruction Expense Academic Support Expense Student Services Expense Institutional Support Expense Auxiliary Enterprises Expense Cash 3,576,040 2,007,000 91,980 505,130 96,410 6,276,560 J 10(a) Instruction Expense 490,000 Cash 490,000 10(b) Net Assets-Released from RestrictionsWith Donor Restrictions 490,000 Net Assets Released from RestrictionsWithout Donor Restriction 490,000 J 10(a) Instruction Expense 490,000 Cash 490,000 10(b) Net Assets-Released from RestrictionsWith Donor Restrictions 490,000 Net Assets-Released from RestrictionsWithout Donor Restriction 490.000 L 11(a) Tuition and Fees-Without Donor Restrictions 8,000 Allowance for Doubtful Accounts 8,000 M 11(b) Investments 12,340 Unrealized Gain on Investments-Without Donor Restrictions 8,100 Unrealized Gain on InvestmentsWith Donor RestrictionsEndown 4,240 N N 11(c) Instruction Expense Auxiliary Enterprises Expense Academic Support Expense Accumulated Depreciation 36,750 43,000 13,650 93,400 Prepare closing entries 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.) No Transaction General Journal Debit Credit . 12(a) Tuition and FeesWithout Donor Restrictions ContributionsWithout Donor Restrictions Auxiliary Enterprises-Without Donor Restrictions 5,566,330 1,899,000 102,370 Unrealized Gain on Investments-Without Donor Restrictions 8,100 Tuition and Fees Discount and Allowances Instruction Expense Academic Support Expense Student Services Expense Institutional Support Expense Auxiliary Enterprises Expense Net Assets-Without Donor Restrictions OOOOC 101,600 4,387,190 2,020,650 91,980 505,130 139,410 329,840 B Record the transfer of contributions to net assets-with donor restrictions account. C Record the transfer of contributions to net assets-with donor restrictions endowment account. D Record the entry to reclassify the net asset accounts. Prepare a statement of activities for the year ended June 30, 2020. Assume beginning net asset amounts of $7,598,000 without donor restrictions, and $5,400,000 with donor restrictions. (Amounts to be deducted should be indicated with a minus sign.) With Donor Restrictions Total ELIZABETH COLLEGE Statement of Activities Year Ended June 30, 2020 Without Donor Restrictions Revenues and gains: Student Tuition and Fees (net) Contributions Auxiliary Enterprises Unrealized Gain on Investments Net Assets-Released from Restrictions $ 0 0 0 0 0 0 0 0 0 Total Revenues and Gains Expenses and Losses: Educational and General Expenses Instruction Academic Support Student Services Institutional Support 0 0 0 0 0 0 0 0 0 0 Total Educational and General Expenses Auxiliary Enterprises Total Expenses and Losses Total Change in Net Assets Net Assets, Beginning of the Year Net Assets, End of the Year 0 0 0 $ $ 0 $ 0 $