Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

تمرين 2

Private college, statement of financial position. Using the data in Problem 19-8 and the following additional information, prepare a statement of financial position for Excel Private College.
REFERENCE:
Private college, closing entries, statement of activities. The preclosing trial balance of Excel Private College has the following balances:
1. Prepare closing entries for the three net asset classifications.
2. Prepare a statement of activities for the year ended December 31, 2018, using a column for each of the net asset classifications.