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Hatshy [7]
3 years ago
12

Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in

the amount of $7,150,000. Of that amount $4,620,000 was collected in cash. Pell Grants in the amount of $2,012,000 were received by the university. The Pell Grants were applied to student accounts. Student scholarships, for which no services were required, amounted to $570,000. These were applied to student tuition bills at the beginning of each semester. Required: Prepare journal entries to record the above transactions assuming: a. Eastern University is a public university. b. Eastern University is a private university.
Business
1 answer:
Thepotemich [5.8K]3 years ago
5 0

Answer:

100

Explanation:

hope this helps

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Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

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Given the increasing use of computers to do routine tasks, which of the following skills is most likely to be actively sought by
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A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t
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Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

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We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
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Aleks [24]

Answer:

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Th cash flow statment will just recognize the cash proceeds, which are calculate base on the face value, regardless of the premium or discount in the bond.

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