Recording Revenues and Expenses: Cash, Tuition Refunds,

Transaction #AccountDebitCredit 1Cash3,000,000.00 Tuition and fees revenue3,000,000.00 To record revenues for the fiscal year 2Tuition refunds218,000.00 Cash218,000.00 To record tuition refunds 3No Entry Government grant upon arawd provides no journal entry 4Cash400,000.00 Endowment Fund400,000.00 To record endowment fund received 5Tuition discount22,000.00 Cash22,000.00 To record tuition waivers for studens with outstanding performance 6Research expense33,000.00 Cash33,000.00 To record research expense incurred by Chemistry Department 7Household improvement2,450,000.00 Cash2,450,000.00 To record costs incurred for student housing expansion 8Allowance fior doubtful acco2,340.00 Accounts Receivable2,340.00 To record estimated uncollectible accounts receivabl