Question 8 3 pts In December, 2019, Montreal Publications, Inc. received magazine subscriptions for 2020 from...
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Question 8 3 pts In December, 2019, Montreal Publications, Inc. received magazine subscriptions for 2020 from a customer who paid $2,400 in cash. What would be the appropriate journal entry for this event in December 2019? DR: Deferred Revenue 2.400 CR Cash 2,400 O DR: Cash 2.400 CR: Deferred Revenue 2,400 O DR: Deferred Revenue 2,400 CR: Service Revenue 2,400 ODR Cash 2,400 CR: Subscription Revenue 2,400 Question 8 3 pts In December, 2019, Montreal Publications, Inc. received magazine subscriptions for 2020 from a customer who paid $2,400 in cash. What would be the appropriate journal entry for this event in December 2019? DR: Deferred Revenue 2.400 CR Cash 2,400 O DR: Cash 2.400 CR: Deferred Revenue 2,400 O DR: Deferred Revenue 2,400 CR: Service Revenue 2,400 ODR Cash 2,400 CR: Subscription Revenue 2,400
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Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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