Section Problem (10 points). The attached transactions occurred on the books of Mauve University, a state supported college. Mauve has a June 30 fiscal year end. REQUIRED: Prepare the required general journal entries, in proper form, for all funds to record the above transactions. Identify the fund (including subfunds) in which each transaction is recorded. Use the number of the transaction as the date. Omit explanations. (4) MAUVE UNIVERSITY TRANSACTIONS RELATING TO OPERATIONS FOR CURRENT FISCAL YEAR (1) Student fees amounted to $12,000,000, of which $11,000,000 was received in cash. (2) The Allowance for Doubtful Accounts was increased by $50,000. Accounts in the amount of $35,000 were written off as uncollectible. (3) Unrestricted Educational and General expenditures amounted to $11,500,000, of which $10,000,000 was paid. Summer fees in the amount of $250,000 were on hand as of the prior June 30 and are to be recognized in the current fiscal year. In June of the current year, $220,000 was collected in summer fees that are to be recognized as revenues of the next fiscal year. Mauve University received, in cash, a federal grant in the amount of $330,000 to conduct accounting research. Of that amount, $310,000 was expended and paid during the current year. N. Rockyfellow contributed $600,000 to Mauve with the stipulation that the amount be permanently invested with the proceeds to be used as salary supplements for accounting faculty. All the cash was invested in bonds. During the year $30,000 was earned in cash by these investments, and $25,000 was expended for salary supplements