Question: can someone explain to me the right answer ? thanks Newstime magazine, a monthly publication, sold 300 annual subscriptions for $50 each during 2020 .

can someone explain to me the right answer ? thanks

Newstime magazine, a monthly publication, sold 300 annual subscriptions for $50 each during 2020 . Half of the subscriptions were sold at the beginning of the year, and the rest were sold July 1. Assuming that no adjustments were previously made, the amount of the adjusting entry to recognize revenue on December 31,2020 is $7,500 $15,000 $11,250 \$33,750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

My Apps Dashboard | del X McGraw-Hill Connect M Question 1-Chapter 10 S x Untitled Addendum_C_Household X Results BUS 67 - Fall 2024 X +...

someone please help this is killing me THE RIGHT EXPOSURE LEVEL 171 Sports Exercise 5B: Reach and Frequency Ilustrated Review the explanation of reach and frequency using People magazine. Assume...

Entrepreneurship and innovation The keys to global economic recovery invention Executive summary At a time when entire economies and industries are reeling from the nancial crisis, business leaders...

Corporate Finance Course it's about Whole Foods purchase by Amazon. below are the questions need to be answered, also the documents are attached. QUESTIONS: 1.The investment thesis on AMZN has ALWAYS...

For the purposes of this question, you should make the following assumptions (except where noted in the questions below): all tables provided D = 0.2 (both for Media General and the media companies...

I'm in serious need of help in my accounting class (acc205) . I'm falling behind and I need help with this weeks assignment. for week three for the may-june month . can someone please help me ....

This is my important final review for the test please give me a correct answers Please explain your answers: 1. Which of the following should be included in the physical inventory of a company? A)...

LAW 2422 Could I get the answer for those questions? This is talking the about the LAW 2422 at RMIT LAW OF INVESTMENTS AND FINANCIAL MARKETS Tutorial Questions Tutorial 1 Revision / Introduction to...

1)Based on data given in the Virgin Mobile case, on average how long did it take for the carriers to break even on the acquisition cost? (6 pts.) HINT: Break-even time = Acquisition cost / average...

Please fill out the excel spreadsheet provided are the tables below: You will get A LOT of likes on this question if all four tables are completed! If possible explain references to calculations,...

Good Morning PAtutor, Kindly find attach a copy of the questions that I spoke to you about. I also attach a copy of notes there. Look forward to heading from you. Broken Budgets? The traditional...

Choose a product. Conduct a branded and unbranded experiment. What did you learn about the equity of the brands in that product class? Can you identify any other advantages or disadvantages with the...

In Problems 1-2, determine where the graph of the given function is increasing, decreasing, concave up, and concave down. Then sketch the graph (see Example 4). 1. f(x) = x3 - 12x + 1 2. g(x) = 4x3 -...

If the add - on method is used to calculate a finance charge of $ 1 5 0 . 8 0 on a $ 2 , 2 0 0 loan, the - amount to be: paid to the borrower is $ 2 , 3 5 0 . 8 0 . repaid is $ 2 , 2 0 0 . paid to...

8:37 * N. 80% i ... OBJECTIVES: Create relationships Create a Pivot Table from Related Tables Create a PivotChart Modify the PivotChart The major section in this chapter :ontinuation is: Data...