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

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. What amount of tuition revenue should the college recognize on January 31?

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