In September 2009, GolfWorld Magazine obtained $12,000 of subscriptions for one year of magazines and credited Unearned
Question:
In September 2009, GolfWorld Magazine obtained $12,000 of subscriptions for one year of magazines and credited Unearned Subscription Revenue.
The magazines will begin to be delivered in October 2009. At December 31, 2009, GolfWorld should make the following adjustment:
a. Debit Subscription Revenue by $3,000 and credit Unearned Subscription Revenue by $3,000.
b. Debit Subscription Revenue by $9,000 and credit Unearned Subscription Revenue by $9,000.
c. Debit Unearned Subscription Revenue by $3,000 and credit Subscription Revenue by $3,000.
d. Debit Unearned Subscription Revenue by $9,000 and credit Subscription Revenue by $9,000.
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Related Book For 
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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