Western State University, a Public University, Had the Following Account

question 81

Essay

Western State University, a public university, had the following account balances for the year ended and as of June 30, 2017. Debits are not distinguished from credits, so assume all accounts have a "normal" balance.
$\begin{array}{lr}\begin{array}{l}\text{Additions to permanent endowments}\\\text{Auxiliary enterprise revenue}\\\text{Capital grants and gifts}\\\text{Public service experse}\\\text{Auxiliary enterprise expense}\\\text{Federal grarits and contracts revenue}\\\text{Gifts}\\\text{Interest on capital-related debt}\\\text{Investrnent income}\\\text{Net Position, beginning of year}\\\text{Academic support expense}\\\text{Student services expense}\\\text{Institutional support expense}\\\text{Instructional expense}\\\text{Student financial aid contra revenue)}\\\text{Research expense}\\\text{State and local grants and contracts revenue}\\\text{State appropriation for operations}\\\text{State appropriations for capital additions}\\\text{Student tuition and fee revenue}\end{array}&\begin{array}{r}1,500,000\\5,100,000\\1,260,000\\2,300,000\\2,410,000\\1,250,000\\940,000\\800,000\\380,000\\19,600,000\\3,400,000\\3,600,000\\4,100,000\\7,200,000\\700,000\\750,000\\950,000\\5,900,000\\1,340,000\\7,800,000\end{array}\end{array}$
Required: Prepare, in good form, a Statement of Revenues, Expenses, and Changes in Net Position for Western State University for the year ended June 30, 2017.

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Definitions:

Through

Moving in one side and out of the other side of (an opening, channel, or location), indicating motion from one end or side to the other.

Between

Referring to a position or space that separates two points, objects, or entities.

Complete

Having all the necessary or appropriate parts; fully carried out; thorough.

Decompensation

A failure of the body's compensatory mechanisms to maintain functional stability, leading to worsening symptoms or the development of disease states.