Req a$1$

Prepare journal entries to record the foregoing transactions for the year ended June $30,2023.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

A

B

C

D

E

F

G

H

Q

Record the tuition and fees receivable, the waivers and scholarships.

Note: Enter debits before credits. Prepare closing entries for the year ended June $30,2023.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

A

B

C

Record the closure of all nominal accounts.

Note: Enter debits before credits.

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$\backslash$end$\{$tabular$\}$ Req a$1$

Req b

Prepare a statement of net position for the year ended June $30,2023.($Amounts to be deducted should be indicated with a minus sign.$)$