On June 1, Gardening Green Magazine collected cash of $81,900 on future annual subscriptions starting on July
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Question:
On June 1, Gardening Green Magazine collected cash of $81,900 on future annual subscriptions starting on July 1.
- Journalize the transactions to record the collection of cash on June 1.
- Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue earned has been recorded. (round to nearest whole dollar)
Date | Description | Debit | Credit |
---|---|---|---|
June 1 | |||
June 1 | |||
December 31 | |||
December 31 |
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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