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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 1,2011 in the amount of $7,600,000.Record the following transactions related to revenue recognition for the year ended June 30,2012.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 1,2011 in the amount of $7,600,000.Record the following transactions related to revenue recognition for the year ended June 30,2012.Include in the account titles the proper revenue classification (operating revenues,nonoperating revenues,etc.):

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