Ginsburg University, a private, nonprofit university, records the following journal entry for the upcoming academic semester: Debit Tuition and Fees Receivable $1,400,000; Debit Tuition and Fees Discounts and Allowances $100,000, Credit Tuition and Fees Revenue $1,500,000 Which of the following is a reasonable interpretation of the transaction underlying the journal entry? O Neither of the described interpretations is a reasonable. Either of the described interpretations is a reasonable. O Ginsburg University is recognizing $1,500,000 of tuition and fee revenue, with $100,000 awarded in scholarships O Ginsburg University is recognizing $1,500,000 of tuition and fee revenue, with $100,000 expected bad debt