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Exercise 10-10 (Part level Submission) Oriole Company Ltd publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cout $28 per year. During November
Exercise 10-10 (Part level Submission) Oriole Company Ltd publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cout $28 per year. During November 2072. Orice els 6,000 wscriptions for cash, beginning with the December issue Oriole prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company use the accounts Uncamed Subscription Revenue and Subscription Ravenue. The company has a December 31 year end. Your answer is partly correct. Try again. Prepare the entry in November for the receipt of the subscription. (Credil account titles are automatically indented when amount is enter. Do not indent may but it and antion Desh Credit Nov learned Subscription Revenue 16200 Subscription Revenue 46200
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