Journal entry worksheet Journal entry worksheet Journal entry worksheet Record the depreciation entry for the year. Note: Enter debits before credits. Journal entry worksheet Record the increase in the fair value of the investment. Note: Enter debits before credits. Journal entry worksheet Steiner College's statement of financial position for the year ended June 30,2022 , is presented here. Steiner is a private colleg Journal entry worksheet Note: Enter debits before credits. Prepare journal entries to record the foregoing transactions for the year ended June 30, 2023. (If n transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers Journal entry worksheet Record the release in the with donor restrictions net assets. Journal entry worksheet Record the refund of tuition and fees for the year. Note: Enter debits before credits. Journal entry worksheet Required a-1, Prepare journal entries to record the foregoing transactions for the year ended June 30,2023 . a-2. Prepare closing entry for the year ended June 30,2023. b. Prepare a statement of activities for the year ended June 30, 2023. c. Prepare a statement of financial position for the year ended June 30, 2023 . Journal entry worksheet Journal entry worksheet The following transaction information (amounts in thousands) pertains to the year ended June 30, 2023. 1. During the year, charges for tuition and fees were $244,500, scholarships were $16,300, and tuition waivers for scholastic achievement were $5,100. After payment was received, tuition refunds of $11,200 were given. Tuition waivers of $17,300 for students serving as teaching assistants for instruction were accrued. 2. The college recelved cash contributions without donor restrictions of $2.080, pledges to be collected in 2024 of $550, and cash contributions to the endowments of $335. It also collected $820 of Pledges Receivable that were unrestricted. 3. Collections on Tuition and Fees Receivable totaled $222,600. 4. Net deposits returned to students totaled $10. 5. Expenses were incurred for: Related to the expenses incurred; prepaid assets of $534 were used, $4,776 of the expenses were accrued, and the remaining expenses were paid. Expenses incurred resulted in the release of $7,320 in net assets with donor restrictions. 6. The ending balance in Accounts Payable and Accrued Llabilities was $1,935. 7. Investment earnings recelved for the period were $3,960, of which $2,070 was donor restricted for scholarships. 8. Adjusting entries for the period were made to increase Allowance for Doubtful Accounts by $20, to record depreciation expense of $26,400 (charged 70 percent to instruction and 30 percent to academic support), to adjust tuition revenue for an increase in deferred revenue of $10, and to recognize an increase in fair value of investments of $4,700 ( $790 was related to investments restricted for scholarships, $1,610 was related to the permanent endowment, and the remainder was related to net assets without. donor restrictions). 9. Nominal accounts wicre closed. Journal entry worksheet Record the receipt of without donor restrictions cash contributions, pledges and endowments. Do not Net Pledges receivable account. Note: Enter debits before credits. Journal entry worksheet Record the increase in deferred revenue. Note; Enter debits before credits. Journal entry worksheet Record the adjusting entry for the period to increase allowance for doubtful accounts. Note: Enter debits before credits