Question
Houston Magazine receives $100 in advance from a customer for a 2 year subscription. Houston Magazines entry to record this transaction would include a: A)
Houston Magazine receives $100 in advance from a customer for a 2 year subscription. Houston Magazines entry to record this transaction would include a:
A) debit to Subscription Revenue for $100
B) credit to Subscription Revenue for $100
C) debit to Unearned Subscription Revenue for $100
D) credit to Unearned Subscription Revenue for $100
PLEASE EXPLAIN IN DETAIL, THANKS IN ADVANCE!
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
