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Exercise 10-5 (Part Level Submission) Blue Spruce Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $26 per year During November
Exercise 10-5 (Part Level Submission) Blue Spruce Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $26 per year During November 2019, Blue Spruce sells 20,640 subscriptions beginning with the December ssue, Blue Spruce prepares financial statements quarterly and recoonizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subsoription Revenue the Quarter. The Prepare the entry i November for the receipt of the subscriptions. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Nov. 30
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