Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help please i got part A but i need part B (6b) Question 6 of 10 View Policies Show Attempt History Current Attempt in Progress
help please
i got part A but i need part B (6b)
Question 6 of 10 View Policies Show Attempt History Current Attempt in Progress 0.33/1 Ivanhoe Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2025, Ivanhoe sells 6.000 subscriptions for cash, beginning with the December issue. Ivanhoe prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end (a) Your answer is correct Prepare the entry in November for the receipt of the subscriptions. (List all debit entries before credit entries. Credit account titles are automatically indented when 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) Date Account Titles and Explanation Debit Credit 148000 Nov Carly Und Subscription Reve eTextbook and Media List of Accounts 10000 Attempts: 1 of 3 used Su
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started