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12/12 Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13 each. Prepare Bridgeports August 1, 2017, journal entry and the December 31,
12/12
Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13 each. Prepare Bridgeports August 1, 2017, journal entry and the December 31, 2017, 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.)
*******PLEASE DO NOT COPY FROM OTHER CHEGG ANSWERS, THEY ARE ALL WRONG********
Brief Exercise 13-4 Your answer is partially correct. Try again. Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport's August 1, 2017, journal entry and the December 31, 2017, 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 o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit T 8/1/17 Cash 151320 Unearned Warranty Revenue 151320 151320 2 1151320 1163050 63050 12/31/17 A Tunearned Warranty Revenue Subscriptions Revenue Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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