adjusted trial balance, Accounting Basics

on 10/15 the academy agreed to teach a four month class (beginning immediately) to an individual for $2,200 tuition per month payable at the end of the class. the class started on 10/15, but no payment has yet been received. (Academy accruals are applied tot the nearest half-month; for example, october recognize one-half month accrual) what does that mean and how do i recorded on the adjusted trial balance
Posted Date: 9/27/2012 1:26:55 AM | Location : United States

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