On October 1, Multiple Solutions Magazines receives subscription payment of $9,000 in advance for the next nine months. Which of the following accounts is credited in the adjusting entry to recognize the subscription income for the three months ending December 31?

a.Subscription Income is credited by $3,000

b.Unearned Subscription is credited by $6,000

c.Cash is credited by $9,000

d.Income Summary is credited by $9,000

Azure Company has a Merchandise Inventory balance of $180,000, which represents the cost of the inventory at the beginning of the fiscal period. Which of the following journal entries will adjust this balance under the periodic inventory system?

a.A debit to Income Summary and a credit to Merchandise Inventory of $180,000

b.A debit to Merchandise Inventory and a credit to Income Summary of $180,000

c.A debit to Cost of Goods Sold and a credit to Merchandise Inventory of $180,000

d.A debit to Merchandise Inventory and a credit to Cost of Goods Sold of $180,000

Sedon Company uses the perpetual inventory system. The recorded balance and the physical count of inventory is $50,000 and $60,000 respectively. To record this difference in inventory, _____.

a.debit the Inventory Shrinkage account and credit the Cost of Goods Sold account by $10,000

b.debit the Merchandise Inventory account and credit the Inventory Shrinkage account by $10,000

c.debit the Cost of Goods Sold account and credit the Merchandise Inventory account by $10,000

d.debit the Merchandise Inventory account and credit the Cost of Goods Sold account by $10,000

please answer all the questions.