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Accounting problem help please!
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,061 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
The unadjusted trial balance of tuition fees earned is 102148. I don't understand this problem and I've read multiple times. |
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