Question
On August 28, 2024, an online subscription service provider received a total of $51,840 in cash from 720 customers for one-year subscriptions. The subscriptions begin
On August 28, 2024, an online subscription service provider received a total of $51,840 in cash from 720 customers for one-year subscriptions. The subscriptions begin in September. On receipt of the cash, the company recorded a liability, deferred subscription revenue. What is the required adjusting entry on December 31, 2024?
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Development Of Integrated Reporting In The SME SectorCase Studies From European Countries
Authors: Joanna Dyczkowska, Andrea Szirmai Madarasine, Adriana Tiron-Tudor
1st Edition
3030819027, 9783030819026
