Show your solution.

Direction: Give what is asked. Write your solution and answer on another sheet of paper. 1. For the summer session of 20X1, Armando University (AU), a non-profit organization, assessed its students P1,700,000 (net of refunds), covering tuition and fees for educational and general purposes. However, an amount of P1,500,000 was only expected to be realized. It is because P150,000 were granted to students, and P50,000 tuition remissions were allowed to faculty member's children attending the university. What amount should AU include in its unrestricted funds as revenues from tuition fees? 2. The League, a non-profit organization, received the following pledges: Unrestricted P200,000 Restricted for Capital Additions 150,000 All pledges are legally enforceable. However, the League's experience indicates that 10% of all pledges prove to be uncollectible. What amount should the League report as pledges receivable net of any required allowance account? 3. Child Care Center, Inc., a non-profit organization, receives revenues from various sources during the year to support its daycare centers. The following amounts were received during 20X1: . P2,000 is restricted by the donor to be used for meals for the children. P1,500 received for subscription to a monthly child care magazine with a fair market value to subscribers of P1,000. P10,000 to be used only upon completing a new playroom that was only 50% complete on December 31, 20X1. What amount should Child Care Centers record as contribution revenue in its 20X1 Statement of Activities