Eastern University had the following transactions at the beginning of its academic year 1. Student tultion and fees were biled in the amount of $7,090,000. Of that amount $4,580,000 was collected In cash 2 Pell Grants in the amount of $2.009.000 were recelved by the university. 3. The Pell Grants were applied to student accounts 4 Student scholarships, for which no services were required. amounted to $520,000. These were appilied to student tuition bils at the beginning of each semester Required: Prepare journal entries to record the above transactions assuming a. Eastern Untversity Is a public university b. Eastern University is a private university Complete this question by entering your answers in the tabs below. Public Private University University Prepare journal entrias to recerd the above transactions assuming Eastern University is a ps tranactieh/evant ums Entry Reduired in ths first account feld aelet Public Privabe UniversityUniversity Prepare journal entries to record the above transactions assuming Eastern University is a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record the student tuition and fees receivable. Note: Enter debits before credits, ransaction General JournallDebit Credit 1a Public University University Private Prepare journal entries to record the above transactions assuming Eastern University is a ransaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the student tuition and fees receivable. Note: Enter debits before credits. Debit Credit Transaction General Journal 1a