Prepare the private, non-profit college journal entries for the following transactions:(all amounts are in thousands)

(1)The college received $1,400 representing $228 tuitition for the next academic fiscal period with the remainder representing tuition for this period.Additionally,$51 recieved last period for this period is recognized.Make two entries, one for the cash receipt and one for the recognition of the $51.

(2)The previous allowance for doubtful accounts was $18.It is determined that $3 should be written off, and the allowance balance should then become $20.Make two entries; one for the write-off and one for the allowance adjustment.

(3)Investments on the books at $32 were sold for $30.

(4)Six months interest on 5% bond investments with a face value of $600 was received.