Following are several transactions involving a university.

1.	In fiscal year 2017, the university was notified by the federal government that in 2018 it would receive a $550,000 grant for wetlands research.
2.	The university received a $560,000 endowment.
3.	For the fiscal year, the university recorded $2,750,000 in tuition and fees revenue. Cash refunds of $358,000 were given.
4.	The university provided $13,900 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 $2,217,000.
6.	The biology department spent $28,000 on wetland research.
7.	At year-end, $1,870 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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• 1 In fiscal year 2017, the university was notified by the federal government that in 2018 it would receive a $550,000 grant for wetlands research.

• 2 The university received a $560,000 endowment.

• 3 Record the receipt of tuition and fees revenue.

• 4 Record the refund of tuition and fees revenue.

• 5 The university provided $13,900 in tuition waivers for students with outstanding academic performance.

• 6 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 $2,217,000.

• 7 Record the payment of expenses related to wetland research.

• 8 Record the appropriation of expenses for wetland research from the net assets released account.

• 9 At year-end, $1,870 of estimated uncollectible tuition and fees was recorded.

b.	Prepare journal entries to record the foregoing transactions, assuming the university is a public institution. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

• 1 Record the grant receivable from the Federal Government for wetlands research.

• 2 The university received a $560,000 endowment.

• 3 Record the receipt of tuition and fees revenue.

• 4 Record the refund of tuition and fees revenue.

• 5 The university provided $13,900 in tuition waivers for students with outstanding academic performance.

• 6 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 $2,217,000.

• 7 The biology department spent $28,000 on wetland research.

• 8 At year-end, $1,870 of estimated uncollectible tuition and fees was recorded.