The Following Information Applies to the Next Three Questions

question 11

Multiple Choice

The following information applies to the next three questions:
Tuition and fees for the Northern University was assessed at $22,000,000. Scholarship allowances, for which no services are required, were $1,600,000 and graduate assistantships, for which services are required, were $1,000,000.
-What is the journal entry to record tuition revenue?

• A) Accounts receivable 20,400,000 Operating Revenue-Student Tuition & Fees 20,400,000
• B) Accounts Receivable 22,000,000 Operating Revenue-Student Tuition & Fees 22,000,000
• C) Accounts Receivable 19,400,000 Operating Revenue-Student Tuition & Fees 19,400,000
• D) Accounts Receivable 21,000,000 Operating Revenue-Student Tuition & Fees 21,000,000

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Definitions:

Neutral

Impartial or unbiased; not favoring one side more than another.

Positive Letters

Written communications that convey good news, congratulations, or other positive messages to the recipient.

Goodwill Expression

Communication intended to create or maintain positive relationships, often demonstrating kindness or friendliness.

Generate Goodwill

The act of fostering a positive image and favorable perception among customers, stakeholders, or the public through beneficial actions.