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I am trying to determine i am trying to determine the subscription revenue of this question and see if i need to add anything else
I am trying to determine i am trying to determine the subscription revenue of this question and see if i need to add anything else to complete this question. Thanks
Required information (The following information applies to the questions displayed below.) Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $49 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 310 one-year subscriptions and received payments in advance from all new subscribers. Only 87 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) a-3. Record the journal entry to show the effect of subscription fees received in advance and Subscription revenue earned during August 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event Answer is complete but not entirely correct. General Journal Cash Unearned subscription revenue Credit Debit 15,190 1 1 15,190 2 2 355 Unearned subscription revenue Subscription revenue 14,835Step by Step Solution
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