Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Nash's Trading Post, LLC typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 44800 subscriptions in January at
Nash's Trading Post, LLC typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 44800 subscriptions in January at $8 each. What entry is made in January to record the sale of the subscriptions? 358400 Subscriptions Receivable Subscription Revenue 358400 Prepaid Subscriptions Cash 358400 358400 44800 Subscriptions Receivable Unearned Subscription Revenue 44800 358400 Cash Unearned Subscription Revenue 358400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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