Sports Pro Magazine sold 19,680 annual subscriptions on August 1, 2014, for $21 each. Prepare Sports Pro’s August 1, 2014, journal entry and the December 31, 2014, annual adjusting entry, assuming the magazines are published and delivered monthly

 

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Brief Exercise 13-5 Your answer is partially correct. Try again. Sport Pro Magazine sold 19,680 annual subscriptions on August 1, 2014, for $21 each. Prepare Sport Pro's August 1, 2014, journal entry and the December 31, 2014, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 8/1/14 Cash Unearned Sales Revenu 12/31/14 Unearned Sales Revenue Sales Revenue Debit 413280 413280 Click if you would like to Show Work for this question: Open Show Work Credit 413280 413280 Brief Exercise 13-5 Your answer is partially correct. Try again. Sport Pro Magazine sold 19,680 annual subscriptions on August 1, 2014, for $21 each. Prepare Sport Pro's August 1, 2014, journal entry and the December 31, 2014, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 8/1/14 Cash Unearned Sales Revenu 12/31/14 Unearned Sales Revenue Sales Revenue Debit 413280 413280 Click if you would like to Show Work for this question: Open Show Work Credit 413280 413280

Answer rating: 100% (QA)

Prepare journal entries as provided below Date Accounts Explan... View the full answer