In November and December 2008, Gee Company, a newly organized magazine publisher, received ($36,000) for 1,000 three-year
Question:
In November and December 2008, Gee Company, a newly organized magazine publisher, received \($36,000\) for 1,000 three-year subscriptions at \($12\) per year, starting with the January 2009 issue of the magazine.
Required:
How much should Gee report in its 2008 income statement for subscriptions revenue on an accrual basis? How much revenue would be reported in 2008 on a cash basis?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
13+ Reviews
33+ Question Solved
Related Book For 
Question Posted:
