Question: Seacoast Magazine sells subscriptions for $36 for 18 issues. The company collects cash in advance and then mails out the magazines to subscribers each month.

Seacoast Magazine sells subscriptions for $36 for 18 issues. The company collects cash in advance and then mails out the magazines to subscribers each month.
Apply the revenue recognition principle to determine
a. When Seacoast Magazine should record revenue for this situation.
b. The amount of revenue Seacoast Magazine should record for eight issues.

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