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On June 1, Hunting Man Magazine collected cash of $84,000 on future annual subscriptions starting on July 1. Requirements 1. Journalize the transaction to record
On June 1, Hunting Man Magazine collected cash of $84,000 on future annual subscriptions starting on July 1. Requirements 1. Journalize the transaction to record the collection of cash on June 1 2. Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue eamed has been recorded. (Round adjustment to the nearest whole dollar.) Requirement 1. Journalize the transaction to record the collection of cash on June 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jun. 1 Requirement 2. Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue earned has been recorded. (Record debits first, then credits. Select the explanation on the las journal entry table. Round adjustment to the nearest whole dollar.) Debit Accounts and Explanation Date Credit Choose from any list or enter any number in the input fields and then continue to the next question. uze ule uansacuon to record the collection of cash on June 1. 2. Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue eamed has been recorded. (Round adjustment to the nearest whole dollar.) Requirement 2. Journalize the transaction required at December 31, the magazine's year-end, assuming no revenue earned has been recorded. (Record debits first, then credits. Select the explanation on the last 1 journal entry table. Round adjustment to the nearest whole dollar.) Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later
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