Southern Foodie Company typically sells subscriptions on an annual basis, and publishes six times a year....
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Southern Foodie Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 80,000 subscriptions in January at $30 each. What entry is made in January to record the sale of the subscriptions? Subscriptions Receivable 2,400,000 2,400,000 a. Subscription Revenue b. Cash 2,400,000 Unearned Subscription Revenue 2,400,000 Subscriptions Receivable Unearned с. 400,000 Subscription Revenue 400,000 d. Prepaid Subscriptions 2,400,000 Cash 2,400,000 Southern Foodie Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 80,000 subscriptions in January at $30 each. What entry is made in January to record the sale of the subscriptions? Subscriptions Receivable 2,400,000 2,400,000 a. Subscription Revenue b. Cash 2,400,000 Unearned Subscription Revenue 2,400,000 Subscriptions Receivable Unearned с. 400,000 Subscription Revenue 400,000 d. Prepaid Subscriptions 2,400,000 Cash 2,400,000
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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