P17-2 (Transactions and Entries) The trial balance of Tumbleweed University, a government university, on September 1, 20X7, was as follows:

	Debit	Credit
Cash	$155,000
Accounts Receivable	30,000
Allowance for Uncollectible Accounts		$2,000
Inventory of Materials and Supplies	25,000
Vouchers Payable		23,000
Capital Assets (Net)	800,000
Net Position		985,000
	$1,010,000	$1,010,000

Tumbleweed Universitys dormitory and food service facilities are operated as auxiliary enterprises.

The following transactions took place during the current fiscal year:

1. Collections amounted to $2,270,000, distributed as follows: tuition and fees, $1,930,000; unrestricted gifts, $170,000; sales and services of educational activities, $115,000; other sources, $25,000; accounts receivable, $30,000.
2. Receivables at year end were $29,000, consisting entirely of tuition and fees revenues.
3. It is estimated that tuition receivable of $3,000 will never be collected.
4. Revenues from auxiliary enterprises were $300,000, all collected.
5. Materials purchased during the year for cash, $500,000; on account, $50,000.
6. Materials used amounted to $510,000, distributed as follows:

Educational and General:
Institutional Support	$30,000
Research	5,000
Instruction	305,000
Academic Support	7,000
Other	53,000
Auxiliary Enterprises		$400,000
		110,000
		$510,000

7. Salaries and wages paid:

Educational and General:
Institutional Support	$170,000
Research	63,000
Instruction	1,212,000
Academic Support	80,000
Other	85,000	$1,610,000
Auxiliary Enterprises		90,000
		$1,700,000

8. Other expenses paid:

Educational and General:
Institutional Support	$10,000
Research	2,000
Instruction	53,000
Academic Support	3,000
Other	7,000	$75,000
Auxiliary Enterprises		20,000
		$95,000

9. Interest expenses chargeable to Institutional Support, $3,000, were paid.
10. Vouchers payable paid, $40,000.

Required:

Prepare journal entries for Tumbleweed University for the 20X720X8 fiscal year.