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The following is a list of selected account balances in the unrestricted operating fund for Pleasant School: Debit Credit Unrestricted Net Assets, July 1, 20X1
The following is a list of selected account balances in the unrestricted operating fund for Pleasant School: |
Debit | Credit | |||||
Unrestricted Net Assets, July 1, 20X1 | $ | 450,000 | ||||
Tuition & Fees | 1,290,000 | |||||
Contributions | 190,000 | |||||
Auxiliary Activities Revenue | 49,000 | |||||
Investment Income (for current operations) | 37,000 | |||||
Other Revenue | 37,000 | |||||
Instruction | $ | 1,030,000 | ||||
Auxiliary Activities Expenses | 42,000 | |||||
Administration | 220,000 | |||||
Fund-raising | 26,000 | |||||
Transfer from Temporarily Restricted Assets | 155,000 | |||||
Transfer from Permanently Restricted Assets | 16,000 | |||||
Required: |
Prepare a statement of activities for Pleasant Schools unrestricted operating fund for the year ended June 30, 20X2. |
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