Question $6$ of $12$

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Cassini Company Ltd$.$ publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $$28$ per year. During November $2022,$ Cassini sells $6,300$ subscriptions for cash, beginning with the December issue. Cassini prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December $31$ year$-$end.

Prepare the entry in November for the receipt of the subscriptions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Nov. $30$

eTextbook and Media

List of Accounts