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Multiple Choice Question 129 Splish Brothers Inc. typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 72000 subscriptions

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Multiple Choice Question 129 Splish Brothers Inc. typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 72000 subscriptions in January at $8 each. What entry is made in January to record the sale of the subscriptions? Prepaid Subscriptions 576000 Cash 576000 Subscriptions Receivable 72000 Unearned Subscription Revenue 72000 Subscriptions Receivable 576000 Subscription Revenue 576000 Cash 576000 Unearned Subscription Revenue 576000

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