Consider the Following Events for Chase Private University

Consider the following events for Chase Private University:
Consider the following events for Chase Private University
a. Unrestricted contributions are pledged in the amount of $500,000.
b. Purchase of material and supplies totaling $100,000 of which $25,000 is not yet paid.
c. Endowment income of $8,000 is restricted to student aid activities.
d. A federal grant for $200,000 was awarded for research.
e. Materials and supplies used were as follows: Student services $10,000, Auxiliary enterprise $25,000
f. Federal government monies of $50,000 restricted for student loans are received.
g. Expenses for the research project in d. totaled $100,000 to date.
h. Term endowments expire, making $10,000 cash available
i. Cash of $10,000 from Life Income Fund Investments is received.
j. Stock with a market value of $45,000 is received from an art patron to finance art gallery improvements.
k. Federal grants for student awards through the Pell Grant program are received in the amount of $175,000.
l. Bills went out for dormitory fees of which $250,000 is paid and $50,000 is still not received.
m. Payment of $100,000 is made on the mortgage.
n. Depreciation on all assets total $125,000. Of this depreciation charge, $25,000 represents depreciation on assets classified as donor restricted. Chase Private University elects to release donor restrictions when assets are placed in service.
o. Art gallery improvements of $25,000 were made with donor-restricted contributions
Required:
Assuming that fund accounting is used, record the events. Identify the appropriate fund for each transaction.