Question: Prepare the necessary journal entries to record each of the

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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