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 $610,000 grant for wetlands research. The grant must be used during the next fiscal year. 2. The university received a $640,000 endowment. 3. For the fiscal year, the university recorded $3,050,000 in tuition and fees revenue. Cash refunds of $398,000 were given. 4. The university provided $15,500 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 $2,533,000. 6. The biology department spent $32,000 on wetlands research. 7. At year-end, $2,140 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. 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.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the receipt of tuition and fees revenue. Note: Enter debits before credits. Journal entry worksheet Note: tnter debits berore creaics. Journal entry worksheet Record the $15,500 tuition waivers for students with outstanding academic performance. Note: Enter debits before credits. Journal entry worksheet Record the $2,533,000 expenditure incurred for construction of a new street. Note: Enter debits before credits. Journal entry worksheet Record the $32,000 payment of expenses related to wetland research. Note: Enter debits before credits. Journal entry worksheet Record the appropriation of expenses for wetland research from the net assets released account. Note: Enter debits before credits. Journal entry worksheet A B D E F G Record the $2,140 estimated uncollectible tuition and fees at the year-end. Note: Enter debits before credits