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Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $46 in advance for a one-year subscription. During the
Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $46 in advance for a one-year subscription. During the month of August 2016, Evans Ltd. sold 310 one-year subscriptions and received payments in advance from all new subscribers. Only 84 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter.
Use the horizontal model to record the effects of subscription revenue earned during August 2016
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