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Need help figuring out these accounting questions. Please help. Smith Co paid $12 thousand on june 1,2017 for a 2-year subscription and booked everything as
Need help figuring out these accounting questions. Please help. Smith Co paid $12 thousand on june 1,2017 for a 2-year subscription and booked everything as subscription expense. The December 31,2017 adjusting entry is Select one: 4. debit subscription expense and credit prepaid subscription, $3,500. B. debit subscription expense and credit prepaid subscription, $8,500, : debit prepaid subscription and credit subscription expense, $3,500. 2. debit prepaid subscription and credit subscription expense, $8,500. F Flag question johnson, inc, paidicollected during 2017 the followirg items: The following balances have been excerpted from johnson's balance sheets: The interest revenue on the income statement for 2017 was Select one: 4. 564,400 3. $61,200 $49,600 >. 576,000
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