4. You are the Controller for Dane College, a not-for-profit entity. Based on the events listed below that occurred during the year, you need to make the appropriate accounting journal entries for the fiscal year ended June 30, 2021

b. Faculty salaries for the fall semester totaled $3 million; $2.9 million for the spring semester and will be $0.6 million for the summer semester. The district typically pays all salaries at the end of the month earned, although it prepaid the salaries for the summer semester on June 1st. Salaries during the summer semester of 2021 are as follows: June $0.3 million, July $0.2 million, and August $0.1 million.