(Answered) On january 1 eastern college received 1250000 from its

Finance

On January 1, Eastern College received $1,250,000 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?

$1,250,000
$850,000
$937,500
$625,000
$312,500

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