The following selected transactions affected the Unrestricted Current Funds of Tiger State University (public) during the current fiscal year:
a.
The Board of Control approved a budget estimating $10,000,000 in revenues and expenses of $9,850,000.
b.
Student tuition assessed during the year was $4,000,000, of which $3,700,000 had been collected, with 3% considered uncollectible.
c.
Student aid included $500,000 in cash scholarships and $75,000 in tuition remission.
d.
Salary and wages during the year included $5,500,000 for instruction, $500,000 for academic support, and $700,000 for institutional support.
e.
Transfers to the Plant Funds included $450,000 in transfers for a mortgage payment and $155,000 in discretionary transfers.
f. A grant received of $10,000 in cash was restricted to use for laser technology research.

Question

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The Answer of The following selected transactions affected the Unrestricted Current Funds of Tiger State University (public) during the current fiscal year:
a.
The Board of Control approved a budget estimating $10,000,000 in revenues and expenses of $9,850,000.
b.
Student tuition assessed during the year was $4,000,000, of which $3,700,000 had been collected, with 3% considered uncollectible.
c.
Student aid included $500,000 in cash scholarships and $75,000 in tuition remission.
d.
Salary and wages during the year included $5,500,000 for instruction, $500,000 for academic support, and $700,000 for institutional support.
e.
Transfers to the Plant Funds included $450,000 in transfers for a mortgage payment and $155,000 in discretionary transfers.
f. A grant received of $10,000 in cash was restricted to use for laser technology research.

The Following Selected Transactions Affected the Unrestricted Current Funds of Tiger