On January 1, Eastern College received $1.390.000 from its students for the spring semester that it recorded in Uneamed Tuition and Fees The sans four months beginning on any the revenue evenly over the months of the term. Assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recogimon February 28 and the college spread M e Choice . 400 . On December t rental Marketing Company received $4,500 from a customer for a month marketing plan to be completed January 31 of the following year. The cash adjusting entry for the year ended December 31 would include: was recorded as earned fees. The M oe Choice credit to Unand Fees for 500 2000 00 mrod Company paid $6.500 for a 4-month insurance premium in advance on November with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year 56,500, and no adjustments had been made previously. The adjusting entry required on December 31 is: Multiple Choice Debt Cash. 56.500 Credit Prepaid insurance $6.500 O Debi a nce Expense 3.250 credit Prepaid unce, $3,250 O Debt Prepar 3 250, credince Ep .250 Dipes