ces Following are several transactions involving a university. 1. In the current fiscal year, the university was notified by the federal government that next fiscal year it would receive a $710,000 grant for wetlands research. The grant must be used during the next fiscal year. 2. The university received a $760.000 endowment. 3. For the fiscal year, the university recorded $3,550,000 in tuition and fees revenue. Cash refunds of $464,000 were given. 4. The university provided $18,100 in tuition waivers for students with outstanding academic performance. 5. During the year, the university constructed a new street, to allow for the expansion of its student housing efforts. The cost of the street was $3.007.000. 6. The biology department spent $38,000 on wetlands research. 7. At year-end, $2,550 of estimated uncollectible tuition and fees was recorded. Required a. Prepare journal entries to record the foregoing transactions, assuming the university is a private institution. b. Prepare journal entries to record the foregoing transactions, assuming the university is a public institution. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the foregoing transactions, assuming the university is a private institution. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet > A B C D E F G H Record the $710,000 grant receivable for wetlands research. Nate: Enter debits before credits.