Explain the unearned training fees account, Accounting Basics

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Explain the unearned training fees account

On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $4,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2014.

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Accounting Basics: Explain the unearned training fees account

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Request for Solution File

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Accounting Basics: Explain the unearned training fees account

Reference No:- TGS0553602

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Applying manufacturing overhead costs to production

Q : Respone of kayla edwards and jessica colunga statements

Q : The fact that the beginning balance in retained earnings

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Q : Explain the unearned training fees account

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the unearned training fees account

Reference No:- TGS0553602

Recent Questions Asked Accounting Basics

Q : Applying manufacturing overhead costs to production

Q : Respone of kayla edwards and jessica colunga statements

Q : The fact that the beginning balance in retained earnings

Q : Compute free cash

Q : Explain the unearned training fees account

Q : Communication problem-state farm declining hurricane claims

Q : Write differences in credit analysis and equity analysis

Q : Consider the four independent situations

Q : Explain the different types of business analysis

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