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Evaluating the Effect of Adjusting Unearned Subscriptions on Cash Flows and Performance as a Manager You are the regional sales manager for Jackie Branco Nows

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Evaluating the Effect of Adjusting Unearned Subscriptions on Cash Flows and Performance as a Manager You are the regional sales manager for Jackie Branco Nows Company. Jackie is making adjusting entries for the year ended March 31 , 2024. On September 1, 2023, ctistomers in your region paid $36,000 cash for threeyear magazine subscriptions beginning on that date. The magazines are published and mailed to customers monthly. These were the only subseription sales in your region during the year: Requitred: 1. What amount should be reported as cash from operations on the statement of cash flows for the year ended March 31, 2024? 2. What amount should be reported on the income statement for subscriptions revenue for the year ended March 31, 2024. 3. What amount should be Gported on the March 31, 2024, balance shieet for unearned subscriptions revenue? 4. Prepare the adjusting entry at March 31, 2024, assuming that the muberiptions received on Septenber 1.2023, were recorded for the foll amount in Unearned Subseriptions Reventie. 5. The conspany expects your repion's anaual tevenue target to be $9,000. a. Evaluate your region's performatsce, assinsing that the revense target is based on cast sales. b Evaluate your region's performance; assuming that the reverue target is based on accrual accounting

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