Eastern University had the following transactions at the beginning of its academic year: 1. Student tuition and fees were billed in the amount of $7,330,000. Of that amount $4,710,000 was collected in cash. 2. Pell Grants in the amount of $2,021,000 were received by the university. 3. The Pell Grants were applied to student accounts. 4. Student scholarships, for which no services were required, amounted to $750,000. These were applied to student tuition bills at the beginning of each semester. Required: Prepare journal entries to record the above transactions assuming: a. Eastern University is a public university. b. Eastern University is a private university. Complete this question by entering your answers in the tabs below. Public University Private University Public University Private University Prepare journal entries to record the above transactions assuming Eastern University is a public university. transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 12 3 3 4 5 > Record the student tuition and fees receivable. Note: Enter debits before credits. General Journal Debit Credit Transaction 1a