Question

Prepare the necessary journal entries to record each of the following transactions of Dewey County College.
1. Tuition and fees charged for the fall 20X8 semester totaled $3,700,000; $100,000 of this amount was waived as a result of scholarships and fee waivers, and $12,000 more is expected to be uncollectible.
2. For the winter 20X9 semester Dewey College levied a general student fee of $18,000. The full amount of this fee is restricted for the purchase of computer equipment and software needed to expand research labs at the college.



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  • CreatedOctober 25, 2014
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