17. A private university offers graduate assistantships to qualified students each year. In exchange for the waiver of tuition, graduate assistants are required to assist faculty members with research and other activities. Assume a graduate assistant received a $4,000 tuition waiver for the current academic year. Based on these facts, the university should record A. tuition revenues of $4,000 and expenditures of $4,000. B. tuition revenues of $0 and expenditures of $0. C. tuition revenues of $4,000 and expenditures of $0. D. tuition revenues of $4,000 and a reduction of tuition revenues of $4,000. 18. The following information pertains to Auburn's water and sewer fund, an enterprise fund, for the year ended June 30, 20X9: (1) Operating revenues $1,200,000 (2) Operating expenses-excluding depreciation 960,000 (3) Depreciation expense 40,000 (4) Supplies Inventory 20,000 (5) Cash 100,000 Based upon the information presented, what was the increase in the enterprise funds unrestricted net assets for the fiscal year ended June 30, 20X9? (A.) $200,000 B. $240,000 C. $300,000 D. $320,000 19 Anriunto not for