Ballard University,a private not-for-profit,billed four students for tuition and fees each in the amount of $ 8,000 each for fall semester. The University estimates 25% of tuition and fees will prove to be uncollectible. The University collected $ 10,000 as follows:
Required:
Prepare the journal entries to record the billing and subsequent collection or write-off for the transactions listed above.

Question

Ballard University,a private not-for-profit,billed four students for tuition and fees each in the amount of $ 8,000 each for fall semester. The University estimates 25% of tuition and fees will prove to be uncollectible. The University collected $ 10,000 as follows:
  Required:
 Prepare the journal entries to record the billing and subsequent collection or write-off for the transactions listed above.

Ballard University,a Private Not-For-Profit,billed Four Students for Tuition and Fees