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Current Attempt in Progress Crane Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions
Current Attempt in Progress Crane Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December 2024, Crane Publications sells 4,300 copies of the golf magazine at newsstands and receives payment for 6,300 subscriptions for 2025. Financial statements are prepared monthly. (a) Prepare the December 2024 journal entries to record the newsstand sales and subscriptions received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit (To record sales)
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