Southeastern College began the year with endowment Investments of S1.570.000 and $920,000 of restricted cash designated by a donor for capital additions 1. During the year an additional $536,000 donation was recelved for capital additions. These funds together with those contributed in the prior year were used to purchase 150 acres of land adjacent to the university 2. An alum contributed $420,000 to the permanent endowment and pledged to provide an additional $640,000 early next year. The cash was immediately invested 3. By terms of the endowment agreement Interest and dividends received on the investments are restricted for scholarships Gains or losses from changes in the fair value of the investments, however , are not distributed but remain in the endowment During the year $72.000 or interest and dividend were received on endowment Investments 4. At year-end, the fair value of the Investments had increased by $10.500 Required: Prepare journal entries to record the above transactions assuming a. Southeastern College is a public university b. Southeastern College is a private university Southeastern College began the year with endowment investments of $1570,000 and 5920.000 of restricted cash designated by a donor for capital additions. 1. During the year an additional $536.000 donation was received for capital additions. These funds together with those contributed in the prior year were used to purchase 150 acres of land adjacent to the university 2. An alum contributed $420,000 to the permanent endowment and pledged to provide an additional $640.000 early next year. The cash was immediately invested 3. By terms of the endowment agreement Interest and dividends received on the investments are restricted for scholarships Gains or losses from changes in the fair value of the investments, however, are not distributed but remain in the endowment Dunng the year $72,000 of Interest and dividend were received on endowment investments 4. Ar year-end, the falr value of the investments had increased by $10.500 Required: Prepare journal entries to record the above transactions assuming: a. Southeastern College is a public university b. Southeastern College is a private university Complete this question by entering your answers in the tabs below. Public University Private Un arsity Prepare journal entriel Private University transactions assuming Southeastern College Ha puble university, or entry is required for transaction/event select No Journal Entry Required in the first account feld) View transaction list Journal entry worksheet