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.

Expert Answer

Want to see the step-by-step answer?

See Answer

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Answer
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in
BusinessAccounting

Final Accounts

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There ...

A: Cost of the goods completed:Cost of goods completed represents the total cost incurred for the mater...

Q: What is the difference between grease payment and bribery?  Is grease payment legal per FCPA and per...

A: Grease payment: A grease payment is a payment made to the international or government agencies to ge...

Q: Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:   ...

A: The bank reconciliaion statement can be made in the following manner :

Q: Hello, Cowboy recording studio is considering the investment of $142,700 in a new recording equipmen...

A: Step  1:Calculation of the present value factor of annuity:Note:  while calculating the present valu...

Q: Suppose the following information was taken from the 2017 financial statements of FedEx Corporation,...

A: The given question can be answered in the following manner :

Q: Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. T...

A: Direct labor variances:The difference between the actual labor cost in the production and the standa...

Q: Brief Exercise 13-1Blue Corporation uses a periodic inventory system and the gross method of account...

A: (a) (1) Prepare the journal entry to record the purchase of inventory:

Q: The following selected data were taken from the financial statements of Vidahill inc

A: Click to see the answer

Q: Problem 25-2A Analysis and computation of payback period, accounting rate of return, and net present...

A: 1. Compute the payback period: