The trial balance of Long Island University, a government university, on December 1, 20X8 was as follows:

	Dr.		Cr.
Cash	$ 193,750
Accounts Receivable	37,500
Allowance for Uncollectible Accounts			$2,500
Inventory of Materials and Supplies	31,250
Vouchers Payable			28,750
Capital Assets (net)	1,000,000
Net Position			1,231,250
	$1,262,500		$1,262,500

Long Island 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 $2,800,000, distributed as follows: Tuition and fees, $2,412,500; unrestricted gifts, $212,500; sales and services of educational activities, $143,750; other sources, $31,250.

2. Receivables at year end were $36,250, consisting entirely of tuition and fees revenues.

3. It is estimated that tuition receivable of $3,750 will never be collected.

4. Revenues from auxiliary enterprises were $375,000, all collected.

5. Materials purchased during the year for cash, $625,000; on account, $62,500.

6. Salaries and wages paid: Academic support $100,000

7. Interest expenses chargeable to Institutional Support, $3,750, were paid.

8. Vouchers payable paid, $50,000.

Required: Prepare Journal entries to record the above transactions.