Prepare journal entries to record the following transactions in the appropriate funds of a nongovernmental not-for-profi

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Prepare journal entries to record the followingtransactions in the appropriate funds of a nongovernmentalnot-for-profit university:
- Tuition and fees assessed total $6,000,000. Eighty percent iscollected by year-end, scholarships are granted for $200,000, and$100,000 is expected to be uncollectible.
- Revenues collected from sales and services of the universitybookstore, and auxiliary enterprise, were $800,000.
- Salaries and wages were paid, $2,600,000. Of this amount,$170,000 was for employees of the university bookstore.
- Unrestricted resources were used to service the long-termmortgage on the university’s buildings, $1,000,000.
- Mortgage payments totaled $960,000, of which $600,000 was forinterest.
- Restricted contributions for a specific academic program werereceived, $440,000.
Expenses for the restricted program were incurred and paid,$237,000.
Equipment was purchased from resources previously set aside forthat purpose, $44,000.