g. During the year, endowment investments that cost $21,000 were sold for $24,000. This includes accrued investment income amounting to $1,900. All income was restricted for programs to enhance...


g. During the year, endowment investments that cost $21,000 were sold for $24,000. This includes accrued investment income amounting to $1,900. All income was restricted for programs to enhance teaching effectiveness.


h. During the year, unrestricted operating expenses of $1,800,000 were recorded. They include the following:


At June 30, 2019, $60,000 of these expenses remained unpaid.


i. Temporarily restricted funds of $13,000 were spent for specified economic research described in item (f).



May 02, 2022
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