Pronursingexperts.com empowers students by providing them with the tools they need to succeed. By alleviating the burden of homework assignments, students can focus on gaining a deeper understanding of their coursework, engaging in extracurricular activities, and developing essential life skills. Academic success is not solely about grades; it’s also about building confidence. When students receive well-researched and impeccably written assignments from Pronursingexperts.com, they gain confidence in their abilities. This newfound confidence often translates into improved performance in their classes. In the ever-evolving landscape of education, Pronursingexperts.com stands as a beacon of support, guiding students towards academic excellence. With its unwavering commitment to quality, individual attention, and timely delivery, Pronursingexperts.com has rightfully earned its reputation as the best academic writing company. By assisting students in their academic endeavors, this platform is not just completing homework; it’s building the foundation for a brighter, more successful future for students around the world.

USE EXCEL

Private College Transactions. Steiner College’s statement of financial position for the year ended June 30, 2016, is presented here. Steiner is a private college.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

image

Page 640The following transaction information (amounts in thousands) pertains to the year ended June 30, 2017.

  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 received unrestricted cash contributions of $2,080, pledges to be collected in 2018 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:
    Instruction $86,100
    Academic support 23,300
    Student services 37,700
    Institutional support 28,500

    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 temporarily restricted net assets.

  6. The ending balance in Accounts Payable and Accrued Liabilities was $1,935.
  7. Investment earnings received for the period were $3,960, of which $2,070 was temporarily restricted.
  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 unearned revenue of $10, and to recognize an increase in fair value of investments of $4,700 ($790 was related to temporarily restricted net assets, $1,610 was related to permanently restricted net assets, the remainder was related to unrestricted net assets).
  9. Nominal accounts were closed.

Required

  1. Prepare journal entries in good form to record the foregoing transactions for the year ended June 30, 2017.
  2. Prepare a statement of activities for the year ended June 30, 2017.

——————————————————————————————————————————————————————————————–

4-5 SLIDE SHOW PRESENTATION:

Address the following:

  • Examine FASB financial reporting requirements for a private college in general.
  • Do not choose a particular College.
  • Apply basics of GAAP pertaining to categorizing restrictions on net assets.
  • Evaluate whether the entity is subject to the requirements of the Single Audit Act and the provisions of Office of Management and Budget.
  • Use Microsoft PP for this assignment.

ONLY FOCUS ON: ********** APPLY BASICS OF GAAP PERTAINING TO CATEGORIZING RESTRICTIONS ON NET ASSETS. **********

Pronursingexperts.com recognizes that students often encounter challenging assignments that may be beyond their current skill level or require more time than they can spare due to their busy schedules. The platform steps in to provide valuable academic support by offering assistance with a wide range of assignments. Whether it’s a complex research paper, a challenging math problem set, or a literary analysis, Pronursingexperts.com ensures that students receive the guidance they need to excel. Every student is unique, and so are their academic needs. Pronursingexperts.com recognizes this and offers customized solutions. Students can communicate directly with their assigned writers, providing specific instructions and guidelines. This personal touch ensures that each assignment reflects the student’s individual style and preferences. Meeting deadlines is a critical aspect of academic success. Pronursingexperts.com understands this and prioritizes punctuality. The platform is known for its ability to deliver assignments promptly, even when facing tight schedules. This reliability allows students to submit their work on time, relieving them of the stress associated with late submissions.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.