ACCT 567 Week 7 Problems 16-3 and 17-6 SOLVED

ACCT 567 Week 7 Problems 16-3 and 17-6 SOLVED

Problem 16-3 Elizabeth College
General Journal
For the Year 2011

a Debit Credit

Tuition Receivable 5,538,500
Tuition Discounts and Allowances 61,500
Tuition and Fees-Unrestricted 5,600,000

Tuition and Fees-Unrestricted 101,670
Tuition Receivable 101,670

Cash 2,466,200
Investments 1,000,000 .......................................
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