Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions
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Question:
Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions start in April. The journal entry in March would include a:
A) Debit to Unearned Subscription Revenue for $882,000.
B) Debit to prepaid subscriptions for $882,000.
C) Credit to Cash for $882,000.
D) Credit to Unearned Subscription Revenue for $882,000.
Related Book For
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller
Posted Date: