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Southeastern State University Has Chosen to Report as a Public

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Southeastern State University has chosen to report as a public university reporting as a special-purpose entity engaged only in business-type activities. Deferred Revenues were reported as of July 1,2014 in the amount of $5,000,000. Record the following transactions related to revenue recognition for the year ended June 30,2015. Include in the account titles the proper revenue classification (operating revenues,nonoperating revenues,etc.):
Southeastern State University has chosen to report as a public university reporting as a special-purpose entity engaged only in business-type activities. Deferred Revenues were reported as of July 1,2014 in the amount of $5,000,000. Record the following transactions related to revenue recognition for the year ended June 30,2015. Include in the account titles the proper revenue classification (operating revenues,nonoperating revenues,etc.):

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