The trial balance of Boegner University, a government university, on September 1, 20X7, was as follows:

Boegner University’s dormitory and food service facilities are operated as auxiliary enterprises. The following transactions took place during the current fiscal year:
1. Collections amounted to $2,270,000, distributed as follows: tuition and fees, $1,930,000; unrestricted gifts, $170,000; sales and services of educational activities, $115,000; other sources, $25,000; accounts receivable, $30,000.
2. Receivables at year end were $29,000, consisting entirely of tuition and fees revenues.
3. It is estimated that tuition receivable of $3,000 will never be collected.
4. Revenues from auxiliary enterprises were $300,000, all collected.
5. Materials purchased during the year for cash, $500,000; on account, $50,000.
6. Materials used amounted to $510,000, distributed as follows:

7. Salaries and wages paid:

8. Other expenses paid:

9. Interest expenses chargeable to Institutional Support, $3,000, were paid.
10. Vouchers payable paid, $40,000.

Required
Prepare journal entries for Boegner University for the 20X7–20X8 fiscalyear.

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Cr S 155,000 Cash-. Accounts Receivable .. Allowance for Uncollectible Accounts Inventory of Materials and Supplies Vouchers Payable .-- Capital Assets (net).-. .. Net Position . . 30,000 25,000 800,000 S 2,000 23,000 985,000 $1,010,00 $1,010,000 Educational and general: Institutional support Research . Instruction. Academic support Other . 30,000 5.000 305,000 7000 53,000 S 400,000 1I0,000 S 510,000 rises Educational and eneral: Institutional support Research- ー坦さ Instruction -.... Academic support . - - Other -- - $. 170,000 63,000 1,212,000 80.000 85,0000 $1,610,000 92,000 $1,700,000 Auxiliary enterprises.. Educational and general: Institutional support - Research...- Instruction . . Academic support - Other . $10,000 2,000 53.000 3,000 7,000 S 75,000 20,000 S 95,000 Auxiliary enterprises