1. In fiscal year 2017, the university was notified by the federal government that in 2018 it would receive a $370,000 grant for wetlands research.
2. The university received a $380,000 endowment.
3. For the fiscal year, the university recorded $1,850,000 in tuition and fees revenue. Cash refunds of $241,000 were given.
4. The university provided $9,400 in tuition waivers for students with outstanding academic performance.
5. During the year, the university constructed a new street, to allow for the expansion of its student housing efforts. The cost of the street was $1,504,000.
6. The biology department spent $19,000 on wetland research.
7. At year-end, $1,260 of estimated uncollectible tuition and fees was recorded.
Prepare Journal entries if the university is A) a Private college and B) a public college
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