The following is a list of selected account balances in the unrestricted operating fund for Pleasant School:
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Prepare a statement of activities for Pleasant Schools unrestricted operating fund for the year ended June 30,20X2.
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Debit Credit Unrestricted Net Assets, July 1, 20X1 Tuition & Fees Contributions Auxiliary Activities Revenue Investment Income (for current operations) Other Revenue $ 420,000 1,200,000 165,000 40,000 32,000 38,000 Auxiliary Activities Expenses Administration Fund-Raising Transfer from Temporarily Restricted Assets Transfer from Permanently Restricted Assets $1,050,000 37,000 250,000 28,000 130,000 12,000
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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