Question

GL0302- Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Strods Technical Institute (STI), a school owned by Anita Strods, provides training to individuals who pay tuition directly to the school. STI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance require adjusting entries on December 31 follow. tab. STI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that a. An analysis of STI's insurance policies shows that $2,900 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,920 are available at year-end. c. Annual depreciation on the equipment is $4,000. d. Annual depreciation on the professional library is $7,400. e. On November 1, STI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,000, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited, 1. On October 15, STI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $7,500 of the tuition has been earned by STI. g. STI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $160 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December

Answer 1

The equation to express the information of a tutoring school with an enrollment fee and yearly tuition is Total Cost = Enrollment Fee + Tuition.

Step-by-step explanation:

To express the information of a tutoring school that requires students to pay a one-time enrollment fee of $500, plus tuition of $3,000 per year, you can use the equation:

Total Cost = Enrollment Fee + Tuition

Substituting the values, the equation becomes:

Total Cost = $500 + ($3,000/year)

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