On October 15, ATI agreed to teach a four-month class (beginning immediately) for an executive with...
On October 15, ATI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $4,000 of the tuition has been earned by AT
Homework Answers
| Date | Account title | Debit | Credit |
| 31December | Accounts receivable /Fees receivable | 4000 | |
| Tuition fees earned | 4000 | ||
| (being adjusting entry for tuition fees earned but not yet received recorded) |
Add Answer to:
On October 15, ATI agreed to teach a four-month class (beginning
immediately) for an executive with...
a. An analysis of WTI's insurance policies shows that $2.807 of coverage has expired. b. An...
a. An analysis of WTI's insurance policies shows that $2.807 of coverage has expired. b. An inventory count shows that teaching supplies costing $2.433 are available at year-end. c. Annual depreciation on the equipment is $11,227 d. Annual depreciation on the professional library is $5,614 e. On September 1, WTI agreed to do five courses for a client for $2.900 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until...
Nguyen Technical Institute (NTI), a school owned by Than Nguyen, provides training to individuals who pay...
Nguyen Technical Institute (NTI), a school owned by Than Nguyen, provides training to individuals who pay tuition directly to the school. NTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance tab. NTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. An analysis of NTI’s insurance policies shows that...
Gonzalez Technical Institute (GTI ), a school owned by Maria Gonzalez, provides training to individuals who...
Gonzalez Technical Institute (GTI ), a school owned by Maria
Gonzalez, provides training to individuals who pay tuition directly
to the schoolGTI also offers training to groups in off site
locations. Its unadjusted trial balance as of December 31, is found
on the trial balance tab . GTI initially records prepaid expenses
and unearned revenues in balance sheet accountsDescriptions of
items a through h that require adjusting entries on December 31 a.
An analysis of GTI’s insurance policies shows that...
View transaction list Journal entry worksheet 56 On September 1, WTI agreed to do five courses...
View transaction list Journal entry worksheet 56 On September 1, WTI agreed to do five courses for a client for $2,400 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal...
Required information [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a...
Required information [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Trial Balance December 31, 2019 Account Title Debit Credit Cash 34,000 Teaching supplies 8,000 Prepaid insturance...
Trial Balance December 31, 2019 Account Title Debit Credit Cash 34,000 Teaching supplies 8,000 Prepaid insturance 12,000 Prepaid rent Professional library 3,000 35,000 Accumulated depreciation Professional library Equipment 10,000 80,000 Accumulated depreciation - Equipment Accounts payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals 15,000 26,000 12,500 90,000 50,000 Tuition fees earned 123,900 Training fees earned 40,000 Salaries expense 50,000 33,000 Rent expense Advertising expense 6,000 Utilities expense 6,400 Total 317,400 317,400 $ Wells Technical Institute (WTI), a school...
Above is the unadjusted trial balance. Gonzalez Technical Institute (GTI), a school owned by Maria Gonzalez,...
Above is the unadjusted trial balance.
Gonzalez Technical Institute (GTI), a school owned by Maria
Gonzalez, provides training to individuals who pay tuition directly
to the school. GTI also offers training to groups in off-site
locations. Its unadjusted trial balance as of December 31, 2018, is
found on the trial balance tab. GTI initially records prepaid
expenses and unearned revenues in balance sheet accounts.
Descriptions of items a through h that require adjusting entries on
December 31 follow.
An analysis...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional...
Additional Information Items a. An analysis of WTI's insurance policies shows that $3,335 of coverage has...
Additional Information Items a. An analysis of WTI's insurance policies shows that $3,335 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,891 are available at year-end. c. Annual depreciation on the equipment is $13,342. d. Annual depreciation on the professional library is $6,671. e. On September 1, WTI agreed to do five courses for a client for $2.800 each. Two courses will start immediately and finish before the end of the year. Three courses will...
The following information applies to the questions displayed below Wells Technical Instute (WT), a school owned...
The following information applies to the questions displayed below Wells Technical Instute (WT), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows, WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of itemsa through h that require adjusting entries on December 31, 2017, follow Additional Information Items a. An...
a. An analysis of WTI's insurance policies shows that $2.807 of coverage has expired. b. An inventory count shows that teaching supplies costing $2.433 are available at year-end. c. Annual depreciation on the equipment is $11,227 d. Annual depreciation on the professional library is $5,614 e. On September 1, WTI agreed to do five courses for a client for $2.900 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until...
Gonzalez Technical Institute (GTI ), a school owned by Maria
Gonzalez, provides training to individuals who pay tuition directly
to the schoolGTI also offers training to groups in off site
locations. Its unadjusted trial balance as of December 31, is found
on the trial balance tab . GTI initially records prepaid expenses
and unearned revenues in balance sheet accountsDescriptions of
items a through h that require adjusting entries on December 31 a.
An analysis of GTI’s insurance policies shows that...
View transaction list Journal entry worksheet 56 On September 1, WTI agreed to do five courses for a client for $2,400 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal...
Required information [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Trial Balance December 31, 2019 Account Title Debit Credit Cash 34,000 Teaching supplies 8,000 Prepaid insturance 12,000 Prepaid rent Professional library 3,000 35,000 Accumulated depreciation Professional library Equipment 10,000 80,000 Accumulated depreciation - Equipment Accounts payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals 15,000 26,000 12,500 90,000 50,000 Tuition fees earned 123,900 Training fees earned 40,000 Salaries expense 50,000 33,000 Rent expense Advertising expense 6,000 Utilities expense 6,400 Total 317,400 317,400 $ Wells Technical Institute (WTI), a school...
Above is the unadjusted trial balance.
Gonzalez Technical Institute (GTI), a school owned by Maria
Gonzalez, provides training to individuals who pay tuition directly
to the school. GTI also offers training to groups in off-site
locations. Its unadjusted trial balance as of December 31, 2018, is
found on the trial balance tab. GTI initially records prepaid
expenses and unearned revenues in balance sheet accounts.
Descriptions of items a through h that require adjusting entries on
December 31 follow.
An analysis...
Additional Information Items a. An analysis of WTI's insurance policies shows that $3,335 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,891 are available at year-end. c. Annual depreciation on the equipment is $13,342. d. Annual depreciation on the professional library is $6,671. e. On September 1, WTI agreed to do five courses for a client for $2.800 each. Two courses will start immediately and finish before the end of the year. Three courses will...
The following information applies to the questions displayed below Wells Technical Instute (WT), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows, WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of itemsa through h that require adjusting entries on December 31, 2017, follow Additional Information Items a. An...
Most questions answered within 3 hours.
-
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 1 hour ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 2 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 2 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 3 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 3 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 3 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 3 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 3 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 3 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 3 hours ago -
help me and discuss one successful and one
unsuccessful international company/busines in Indonesia.whyit
succeed and why...
asked 3 hours ago -
I- Choose the best answer
Which of the following statements about the structure and
packaging of...
asked 3 hours ago