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Which mei bong company will use to record tuition payment

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Problem 1: Mei Bong Company requires students to pay tuition each semester before college starts. Students who have not paid tuition fees not allowed to register and attend lectures. In your opinion, what is the journal entry which Mei Bong Company will use to record the tuition payment receipt the students? describe the nature of each account in the journal entry!

Reference no: EM132696408

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