The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52 -week subscription sells for ($

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The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52 -week subscription sells for $\$ 260$. Assume that CDT sells 100 subscriptions on January 1. None of the subscriptions are cancelled as of March 31.

a. Prepare a journal entry to record the receipt of the subscriptions on January 1.

b. Prepare a journal entry to record one week of earned revenue on March 25.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 18, 2024 11:04 PM

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The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52 -week subscription sells for ($

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Financial Accounting For Undergraduates

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