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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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