Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2020, for $18 each. Prepare Sport Pros
Question:
Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2020, for $18 each. Prepare Sport Pro’s August 1, 2020, journal entry and the December 31, 2020, annual adjusting entry, assuming the magazines are published and delivered monthly.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
8120 Cash 216000 Unearned Subscriptions Rev...View the full answer
Answered By
Nimlord Kingori
2023 is my 7th year in academic writing, I have grown to be that tutor who will help raise your grade and better your GPA. At a fraction of the cost on other sites, I will work on your assignment by taking it as mine. I give it all the attention it deserves and ensures you get the grade that I promise. I am well versed in business-related subjects, information technology, Nursing, history, poetry, and statistics. Some software's that I have access to are SPSS and NVIVO. I kindly encourage you to try me; I may be all that you have been seeking, thank you.
4.90+
360+ Reviews
1070+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
Question Posted:
Students also viewed these Business questions
-
Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2017 for $18 each. Prepare Sport Pro's August 1, 2017 journal entry and the December 31, 2017 annual adjusting entry, assuming the...
-
Sport Pro Magazine Ltd. sold 12,000 annual subscriptions on August 1, 2011, for $18 each. Prepare Sport Pros August 1, 2011 transaction entry and the December 31, 2011 annual adjusting entry.
-
Sport Pro Magazine sold 12,000 annual subscriptions of its monthly magazine on August 1, 2020, for 18 each. Prepare Sport Pros August 1, 2020, journal entry and the December 31, 2020, annual...
-
5. Did Danone follow the advice regarding JVs in China mentioned in the list just above? Which aspects did it follow and which did it not? Danone's Wrangle with Wahaha In 1996, In 1996, Danone Group...
-
Explain controllable costs and how controllability is related to responsibility accounting.
-
Name the three global airline alliances. Are the three largest network carriers in the US, EU, and China evenly divided among the alliances?
-
Focus upon each of the moments of truth in turn.What specific strategies could P&G employ in each one to increase the probability of a sale and repeat business?
-
The Following Items/Events Relate To Hospitals Covered By The AICPA Audit Guide On Health Care Providers And FAS #116, #117, #124, And #136. Each Choice May Be Used More Than Once. Classify Each Of...
-
For the beam shown: a) Draw shear and moment diagram, b) What is maximum stress A 204 20016 20 " B Ze 40016 Q 05'
-
K Dhoni is a business consultant. The following trial balance is provided at 30 September 201: The following additional information is supplied: 1. At 30 September 201 rent received in advance...
-
Assume the facts in E13.3 except that Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without...
-
On February 1, 2021, one of the huge storage tanks of Viking Manufacturing exploded. Windows in houses and other buildings within a one-mile radius of the explosion were severely damaged, and a...
-
(a) Show that Where Provides an independent, unbiased estimator for 2 in each of the k samples. (b) Show that SSE/2 has a chi-square distribution with N k degrees of freedom, where k n (n 1)S i-1
-
Suppose that a researcher has observations on the log stock price indexes of Korea (k), Japan (j) and Singapore (s). Each stock price index series is 1(1). (1) (ii) Suppose the researcher estimates...
-
4. You observe following exchange rate quotations: $1 is equal to 7.4521 Chinese yuan 1 Japanese yen equal to 0.0710 Chinese yuan. How many U.S. dollars will you need to purchase 1 billion Japanese...
-
Assume that the principal residence is sold this year at a price equal to its FMV with a 6% commission. The adjusted basis of the home is the original purchase price of $155,000. What is the...
-
Now that Anna has determined an appropriate rate of return for J Corp.'s stock, she must calculate the firm's Weighted Average Cost of Capital (WACC). There are currently 58.2 Million J Corp. common...
-
What is the value of a share of stock of HOV Inc. to an investor who requires a 12 percent rate of return if HOV's current dividend is $1.20? Assume earnings and dividends are expected to grow at a...
-
What capacitance should be used to produce a 2.00 M reactance at 60.0 Hz?
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. (a) What is the stock dividend? (b) What is a stock split?...
-
Comparative statement of financial position accounts of Marcus Inc. are presented below. Additional data (ignoring taxes): 1. Net income for the year was $42,500. 2. Cash dividends declared and paid...
-
Comparative statement of financial position accounts of Sharpe Company are presented below. Additional data: 1. Equipment that cost $10,000 and was 60% depreciated was sold in 2010. 2. Cash dividends...
-
Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. Additional data related to 2010 are as follows. 1. Equipment...
-
How does change occur within an organization? Discuss some of the challenges of implementing change. The Wolfe & Lawson (2020) reading assessed the effects of organizational justice on criminal...
-
1) Explain the leadership grid, find real life companies who fit into the different leadership criteria. Also explain what type of followers does these different type of company leaderships need. 2)...
-
Explain, using theory, how team-based settings affect leadership and managerial power and influence within the organization? What are the leader's role and management's role in distributing power...
Study smarter with the SolutionInn App