P$17-8$ Prepare the journal entries for Tumbleweed University assuming that is it a non$-$government, not$-$for$-$profit university. P$17-2($Transactions and Entries$)$ The trial balance of Tumbleweed University, a government

university, on September $1,20$X$7,$ was as follows:

Tumbleweed University's dormitory and food service facilities are operated as auxiliary

enterprises.

The following transactions took place during the current fiscal year:

Collections amounted to $$2,270,000,$ distributed as follows: tuition and fees, $$1,930,000$; unre$-$

stricted gifts, $$170,000$; sales and services of educational activities, $$115,000$; other sources,

$$25,000$; accounts receivable, $$30,000.$

Receivables at year end were $$29,000,$ consisting entirely of tuition and fees revenues. It is estimated that tuition receivable of $$3,000$ will never be collected.

Revenues from auxiliary enterprises were $$300,000,$ all collected.

Materials purchased during the year for cash, $$500,000$; on account, $$50,000.$

Materials used amounted to $$510,000,$ distributed as follows:

Salaries and wages paid: Other expenses paid:

Interest expenses chargeable to Institutional Support, $$3,000,$ were paid.

Vouchers payable paid, $$40,000.$

See attached.