Private universities, plant fund transactions. Record the following capital-related transactions for Private University plant funds: 1. Transfers of $250,000 are received from the current unrestricted...

Private universities, plant fund transactions. Record the following capital-related transactions for Private University plant funds:

1. Transfers of $250,000 are received from the current unrestricted fund for the purpose of funding the payment of existing debt principal ($50,000) and building an addition to the science building ($200,000).

2. Contributions of $30,000 restricted for major repairs of university buildings are received. $20,000 is spent for appropriate repairs.