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On October 1, 2019, Paige Turner Publishing received 554,000 in cash for subscriptions covering one year, recording the entry as a debit to Cash and
On October 1, 2019, Paige Turner Publishing received 554,000 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is Multiple Choice 0 Detsit Unearned Subscriptions $54,000 credit Subscriptions Income $54,000 0 Debit Uneamed Subscriptions $4.500, credit Subscriptions Income $4.500 0 Debt Subscriptions Income $13.500, credit Uneamed Subscriptions $13,500 0 Debit Uneamed Subscriptions $13,500, credit Subscriptions Income $13.500
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