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multiple choice question On April 1, Garcia Publishing Company received $16,380 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned
multiple choice question On April 1, Garcia Publishing Company received $16,380 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year? Multiple Choice debit Unearned Fees, $5,460 credit Fees Earned, $5,460, debit Unearned Fees, $4,095: credit Fees Earned, $4,095 debit Unearned Fees, $1,365: credit Fees Earned. $1,365. debit Unearned Fees, $5,460; credit Fees Earned, $5.460. debit Unearned Fees. $4,095; credit Fees Earned. $4,095. debit Unearned Fees, $1,365; credit Fees Earned, $1,365, debit Unearned Fees, $16,380; credit Fees Earned, $16,380. debit Unearned Fees. $12,285; credit Fees Earned, $12,285
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