Quiz 1: Non-Profit College Name: ID: The following balance are provided for a college established by a group of volunteers in 2017. The balances are provided as at the end of 2020 in ($). Unrestricted Beginning Net Assets Cash Plant Assets Contributions Net Tuition Fees Instruction support expense Accumulated Depreciation Academic support expense Student Service expense Fees Receivable Accounts Payable State Appropriation Revenue Research expenditure Auxiliary Revenue Allowance for uncollectible Fees Auxiliary expense Unearned Revenues Long Term Investment Investment Income Teaching salaries Public Service Revenues Zeleases to (from) ire Loss 2,500,000 1,000,000 1,000,000 7,000,000 800,000 200,000 1,000,000 2,300,000 3,000,000 1,200,000 2,000,000 2,000,000 300,000 2,500,000 2,000,000 500,000 5,000,000 300,000 1,500,000 500,000 Temp. Restricted 100,000 500,000 1,000,000 400,000 300,000 200,000 (1,500,000) Based on above information, you are requested to prepare: 1. The Statement of Changes in Net Position 2. The Statement of Net Position. Perm. Rest. 100,000 400,000 2,800,000 1,500,000 200,000 100,000 1,000,000 300,000

Quiz 1: Non-Profit College ID: Name: The following balance are provided for a college established by a group of volunteere in anin . Based on above information, you are requested to prepare: 1. The Statement of Changes in Net Position 2. The Statement of Net Position