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On October 15, WTI greeted to teach a four-month class beginning immediately for an individual for 2961 tuition per month payable at the end of the class. The class started on October 15 but no payment has yet been received two accuarls are applied to the nearest half month, for example, October recognizes one half month accrual.My question is how do I get theaccounts receivable, and tuition fees earned for the journal entry worksheet is there a formula.

Question

On October 15, WTI greeted to teach a four-month class beginning immediately for an individual for 2961 tuition per month payable at the end of the class. The class started on October 15 but no payment has yet been received two accuarls are applied to the nearest half month, for example, October recognizes one half month accrual.
My question is how do I get the
accounts receivable, and tuition fees earned for the journal entry worksheet is there a formula.

check_circleAnswer
Step 1

Calculation of Accounts receivable and tution fees earned amount as shown below:

 

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Step 2

Journal entry are shown b...

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