the following information relates to revenues and expenses for a private not for pro 3616526

The following information relates to revenues and expenses for a private not-for-profit college:,Tuition and Fees,Total assessed………………………………………….. $2,000,000,Tuition waivers………………………………………… 120,000,Appropriations,State……………………………………………………. 800,000,Local…………………………………………………… 300,000,Auxiliary Enterprises,Sales…………………………………………………… 500,000,Expenses………………………………………………. 480,000,Endowment Income,Restricted to research…………………………………. 70,000,Unrestricted…………………………………………… 20,000,Private Gifts and Grants,Restricted to student scholarships……………………. 300,000,Unrestricted…………………………………………… 80,000,Expenses,Instruction…………………………………………….. 2,100,000,Research……………………………………………… 100,000,Student services………………………………………. 120,000,Operation of plant……………………………………. 180,000,Scholarships (does not include tuition waivers)…….. 200,000,REQUIRED,Prepare journal entries and a statement of activities for the college.

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