Question
On June 1, Gardening Green Magazine collected cash of $81,900 on future annual subscriptions starting on July 1. Journalize the transactions to record the collection
On June 1, Gardening Green Magazine collected cash of $81,900 on future annual subscriptions starting on July 1.
- Journalize the transactions to record the collection of cash on June 1.
- Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue earned has been recorded. (round to nearest whole dollar)
| Date | Description | Debit | Credit |
|---|---|---|---|
| June 1 | |||
| June 1 | |||
| December 31 | |||
| December 31 | |||
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
