j. One-quarter of the prepaid expenses at July 31, 2018, expired during the current year and pertained to general education expense. There was no addition to prepaid expenses during the year.
1. Prepare journal entries in summary form to record the foregoing transactions for the year ended July 31, 2019. Letter each entry to correspond with the letter indicated in the description of its respective transaction, and omit explanations. Use the following format:
2. Prepare a statement of current funds revenues, expenditures, and other changes, including a total column, for the year ended July 31, 2019, and conclude with the fund balances at year-end.
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