Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions
Fantastic news! We've Found the answer you've been seeking!
Question:
Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions start in April. The journal entry in March would include a:
A) debit to Unearned Subscription Revenue for $882,000.
B) debit to prepaid subscriptions for $882,000.
C) credit to Cash for $882,000.
D) credit to Unearned Subscription Revenue for $882,000.
Posted Date: