Windom College, a not$$for$$profit institution, engaged in the following transactions during its fiscal year ending June $30,20$X$0.$ Prepare appropriate journal entries, indicating the types of funds $($by restrictiveness$)$ in which they would be recorded.

$1.$ The college collected $$86,400,000$ in student tuition. Of this amount $$6,000,000$ was applicable to the summer semester, which ran from June $1$ to August $31,$ and $$400,000$ was applicable to the fall semester that began the following September.

$2.$ It received a contribution of $$1,000,000$ in stocks and bonds to establish an endowed chair in chemistry. Income from the chair must be used to supplement the salary of a professor of chemistry.

$3.$ During the year, the chemistry chair endowment earned interest and dividends of $$50,000,$ all of which was used to supplement the salary of the chair holder.

$4.$ The fair value of the investments of the chemistry chair endowment declined by $$80,000.$

$5.$ Using funds restricted for this purpose, the college purchased $$150,000$ of equipment for intercollegiate athletics. Intercollegiate athletics is accounted for as an auxiliary enterprise. The college charged depreciation of $$30,000.$

$6.$ The annual alumni campaign yielded $$1,800,000$ in pledges. The college estimated that $2$ percent would be uncollectible. During the year the college collected $$1,500,000$ on the pledges.