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 $580,000 grant for wetlands research.

2.

The university received a $600,000 endowment.

3.

For the fiscal year, the university recorded $2,900,000 in tuition and fees revenue. Cash refunds of $378,000 were given.

4.

The university provided $14,700 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 $2,375,000.

6.

The biology department spent $30,000 on wetland research.

7.

At year-end, $2,000 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.)