ACCT 567 Week 7 Problems 16-3 and 17-6

ACCT 567 Week 7 Problems 16-3 and 17-6

Elizabeth College, a small private college, had the following transactions in fiscal year 2011.

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1. Billings for tuition and fees totaled $5,600,000. Tuition waivers and scholarships of $61,500 were granted. Students received tuition refunds of $101,670.
2. During the year the college received $1,891,000 cash in unrestricted private gifts, $575,200 cash in temporarily restricted grants, and $1,000,000 in securities for an endowment.
3. A pledge campaign generated $626,000 in unrestricted pledges, payable in fiscal year 2012.
4. Auxiliary enterprises provided goods and services that generated $94,370 in cash.
5. Collections of tuition receivable totaled $5,380,000.
6. Unrestricted cash of $1,000,000 was invested.
7. The college purchased computer equipment at a cost of $10,580.
8. During the year the following expenses were paid:

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ACCT 567 Week 1 Exercises

ACCT 567 Week 2 Case Study I

ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10

ACCT 567 Week 3 Problems 5-3 and 6-5

ACCT 567 Week 4 Midterm Exam

ACCT 567 Week 4 Problems 7-3 and 7-8

ACCT 567 Week 5 Case Study City of Shipley

ACCT 567 Week 5 Homework Case study

ACCT 567 Week 5 Problems 8-4 and 9-4

ACCT 567 Week 5 Test All Questions and Answers

ACCT 567 Week 6 Problem 12-4

ACCT 567 Week 7 Problems 16-3 and 17-6

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