San Rafael Universitys transactions for the year include the following:

1. An alumna donates $10,000 in cash for the purchase of a subscription to tax research software.

2. An alumnus donates $1 million in cash, stipulating that income from its investment be used to support accounting club activities. Investment income of $35,000 in cash is earned during the year, but not spent.

3. $50,000 in cash donated in a past year, that was donor-restricted to scholarships, is spent on scholarships for accounting students in the MS in Accounting program.

4. $1.8 million in salaries are paid to accounting faculty.

5. Tuition scholarships of $100,000 are made to accounting students.

6. Tuition waivers of $100,000 are granted to graduate students who work as teaching assistants in the sophomore level accounting classes.

7. Student activity fees totaling $75,000, to be used to support the independent undergraduate and graduate accounting student organizations, are collected with tuition payments.

8. Depreciation of $800,000 on the business school building is recognized.

9. A new student center, with study and classroom space, is constructed in the basement of the business school building, at a cost of $5 million in unrestricted resources.

Required

Prepare journal entries to record each item. For accounts shown on the statement of activities, indicate the category of net assets affected.

Note: For Transactions 5 & 6, assumes full tuition already accrued.

Ref.	Description		Debit	Credit
1	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
2	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	To record receipt of donation.
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	To record receipt of investment income
3	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	To record release of restrictions.
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	To record funds spent on scholarships.
4	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
5	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
6	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
7	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
8	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
9	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer
	AnswerAccumulated depreciationAssistantship expenseCashContribution revenue-restrictedDepreciation expenseFacilitiesLiability to student organizationsNet assets released from time restriction-restrictedNet assets released from time restriction-unrestrictedNet assets released from use restriction-restrictedNet assets released from use restriction-unrestrictedSalaries expenseTuition receivableTuition revenue		Answer	Answer