On January 1,Eastern College Received $1,200,000 from Its Students for the Spring

question 92

Multiple Choice

On January 1,Eastern College received $1,200,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees.The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term.Assuming the college prepares adjustments monthly,what amount of tuition revenue should the college recognize on February 28?

• A)$300,000.
• B)$600,000.
• C)$800,000.
• D)$900,000.
• E)$1,200,000.

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