Question: During the summer ECC collected tuition payments from students for the Fall term totaling $4,000,000. As of the beginning of the Fall term, these payments

During the summer ECC collected tuition payments from students for the Fall term totaling $4,000,000. As of the beginning of the Fall term, these payments would be reflected in ECC's balance sheet as:

Unearned Tuition Revenue of $4,000,000

Accounts Receivable of $4,000,000

Common Stock of $4,000,000

Tuition Revenue of $4,000,000

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