Question: How will the following adjusting journal entry affect the accounting equation? Unearned Subscriptions 11,500 Subscriptions earned 11,500

How will the following adjusting journal entry affect the accounting equation?

Unearned Subscriptions 11,500

Subscriptions earned 11,500

Step by Step Solution

★★★★★

3.27 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

it will affect the accounting eq... View full answer

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 Corporate Finance Questions!

Q:

eBook Chapter 13 Financial Planning Exercise 2 Estimating cost of mutual fund investments Use the mutual fund quotes in table below, and assume that you can buy these funds at their quoted net asset...

Q:

What effect will the following adjusting journal entry have on the accounting records? Depreciation expense debit 2,150. Accumulated depreciation credit 2150 A. Decrease net book value B. Decrease...

Q:

How will the following affect labor force participation rates, labor supply, and unemployment? a. In an attempt to get a handle on increasing Social Security shortfalls, Congress and the president...

Q:

Beta Alloys made the following adjusting journal entries on December 31, 2011. Required:Classify each adjusting entry as either an accrual adjustment (A) or a cost expiration adjusting (C), and...

Q:

All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31 a. On September 1 of the...

Q:

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

Q:

Cash LO2 BRIEF EXERCISE 10.1 Jacobs Company borrowed $1,000,000 on a one-year, percent note payable from the local bank on 1 April. Interest was paid quarterly, and the note was re- paid one year...

Q:

Unearned Revenue Aylmer has some customers that pay for services in advance of work started. At December 31, Y6, the accountant reviewed unearned revenue to see how much revenue had been earned. In...

Q:

Hello I need help with my Project i asked and I tried but i did get any answer can you help me please to solve this problem Building Blocks of Accounting .. A Financial Perspective to the same screen...

Q:

lab 7 8:24 week 7 acc1045 lab 7 .docx QS 3-11Preparing adjusting entries (annual)- accrued interest expense L04 Rise and Shine Ice Cream prepares annual financial statements and has a December 31...

Q:

Fido's Food Mart Unadjusted Trial Balance December 31, 20XX Account Title Debits Credits Cash 50,938 Accounts Receivable 12,250 Inventory 84,720 Supplies 1,850 Prepaid Insurance 480 Equipment 30,550...

Q:

Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $71,800 cash to start the business and received 5,100 shares of common stock. The store completed...

Q:

Experimental Part 1 - Preparation of 4,7-Dihydroxyflavylium Chloride (DHF) A T B ago D C Figure 1. Known equilibria of the DHF cation (D) prepared in this experiment. Equimolar amounts (1 mmol) of...

Q:

07.02-PR010 $100,000 is invested in equipment having a negligible salvage value regardless of when the equipment is replaced. O&M costs equal $25,000 the first year and increase 15% per year. Based...

Q:

What reaction is occurring? Circle one. b) 1. LIAIH. HO- O: Nucleophilic Substitution Reduction 2. H20 Elimination Oxidation Mechanism:

Q:

1. Find the area under the standard normal distribution curve: A. between z = 0 and z = 1.77 B. between z = 0.24 and z = ?2.14 C. To the right of z = 2.01 D. To the right of z =1.92 and to the left...

Q:

Given the air-pollution data in table 1.5, examine the pairs X 5 = NO 2 and X 6 = O 3 for bivariate normality. (a) Calculate statistical distances where (b) Determine the proportion of observation ,...

Q:

Use the following narrative to complete the UML class diagram with classes, associations, and multiplicities outlined below and then answer questions : The Multnomah County Library provides a variety...

Q:

A portfolio consists of three stocks: Stock A, Stock B, and Stock C. The table below provides the covariances between the returns of each pair of stocks, the expected return for each stock, and the...

Q:

Buy Verified Skrill Accounts - United States Buy verified Skrill accounts to ensure secure and efficient online transactions. Verified accounts offer enhanced credibility and trust. Skrill, a leading...

Q:

Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for...

Q:

ANSWER ALL QUESTIONS This can be. done by going through each problem step by step. Please make sure the answer is correct. Closing entries may involve posting a debit to the: Accumulated Depreciation...

Q:

accounting general ledger ...attached is the information The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: Balance sheet Income statement...

Q:

ACCOUNTING ACTIVITY!! Please check the comment section. I pasted there the google drive link where the activity and instruction can be seen. (Hey Tutors! Please answer the activity given in the...

Q:

Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...

Q:

I have this comprehensive project that my professor put information in from jan-nov and I have to complete it for December, I have worked in it myself and am off on my balance, she included...