Question: with explanation please 5. Answer this question ignoring #4 above: On July 1, 2019, Bettinghaus paid for a two-year subscription to a monthly industry publication

with explanation please 5. Answer this question ignoring #4 above: On July with explanation please

5. Answer this question ignoring #4 above: On July 1, 2019, Bettinghaus paid for a two-year subscription to a monthly industry publication and recorded the $3,600 subscription directly to the subscription expense account. In other words, the original entry was a debit to Subscription Expense for $3,600 and a credit to cash for $3,600. Bettinghaus has not yet made any adjustments related to subscriptions in 2019. Debit Credit

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