University of Kashmir had the following transactions at the beginning of its academic

year:

1. Student tuition and fees were billed in the amount of $3,240,000. Of that amount $2,200,000 was collected in cash.
2. General Grants in the amount of $900,000 were received by the university.
3. The Grants were applied to student accounts.
4. Student scholarships, for which no services were required, amounted to $180,000. These were applied to student tuition bills at the beginning of each semester.

Required:

Prepare journal entries to record the above transactions assuming:

a. University of Kashmir is a public university.

b. University of Kashmir is a private university.