Tuition and fees for Northern University were assessed at $22,000,000 $1,600,000 of the amount due from students was later reduced by need based scholarships Graduate assistantships and work study stipends reduced the amounts collectible from student by an additional $1,000,000 What is the journal entry to record the scholarship allowances? Multiple Choice c ) Not recorded because it was deducted from tuition revenue before revenue it was recorded Operating Revenue Deduction-Scholarship Allowances Accounts Receivable 1,600,000 ,000 Operating Revenue Deduction Scholarship Al Deferred Revenues 1,600, Scholarships and followships Expen Accounts Receivable 1,600,000