Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Pharaoh company typically sells subscriptions on an annual basis, Abdul publishes 8 times a year. The magazine sells 74400 subscriptions in January at $11 each.

Pharaoh company typically sells subscriptions on an annual basis, Abdul publishes 8 times a year. The magazine sells 74400 subscriptions in January at $11 each. What entry is made in January to record the sale of the subscriptions?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Accounting

Authors: Carl S Warren, Jeff Jones

16th Edition

0357510380, 978-0357510384

More Books

Students also viewed these Accounting questions

Question

★★★★★

In 2010, Buraka Inc. issued $75,000 of 8% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $17,500 and expenses of $8,400 for 2011, not...

Answered: 1 week ago

Question

★★★★★

Calculate the delay of a 1 mm wire in 28 nm technology that is divided into five 200 m segments with a 10 minimum-size inverter driving each segment.

Answered: 1 week ago

Question

★★★★★

2 Some authors (McKergow & Clarke, 2005) see appreciative and solution- focused coaching as basically the same approach. What do you see as similarities and differences?

Answered: 1 week ago

Question

★★★★★

Tiger Golf Supplies has $25 million in earnings with 7 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 31. Assume there is an underwriting spread of...

Answered: 1 week ago

Question

★★★★★

At present, Solartech Skateboards is considering expanding its product line to include gas-powered skateboards; however, it is questionable how well they will be received by skateboarders. Although...

Answered: 1 week ago

Question

★★★★★

Exhibit 4.22 presents selected operating data for three retailers for a recent year. Macy??s operates several department store chains selling consumer products such as brand-name clothing, china,...

Answered: 1 week ago

Question

★★★★★

please answer fast Burrard Bank's Balance Sheet (Dec. 315'): A1 Liabilities Cash $4,000 Deposits $200,000 Deposits at the Bank of Canada. 6,000 Capital 1.000 Mortgages 81 Loans 191,000 $201 000 $201...

Answered: 1 week ago

Question

★★★★★

Payal has just accepted a three year assignment to run the overseas division of her organization. Before she transfer, Payal and her family are required to take several classes on culture, housing,...

Answered: 1 week ago

Question

★★★★★

An automobile manufacturer uses about 6,000 pairs ofbumpers (front bumper and rear bumper) permonth, which it orders from asupplier. The bumpers are used at a reasonably steady rate during the 240...

Answered: 1 week ago

Question

★★★★★

You are a Manager at Hotel. You have recently hired a new Front Desk Agent, Tina. Tina is enthusiastic and an extrovert. She shows high levels of motivation when learning new tasks. She is quickly...

Answered: 1 week ago

Question

★★★★★

1.Liverpool corporation which manufactures appliances for other companies made sales of $200000000 subject to the product warranties. In the past years between 4% and 6% of the products provided...

Answered: 1 week ago

Question

★★★★★

Exit strategy recommendations and plan: Outline your change management strategy for transition after the acquisition. Specifically, you must address the following criteria: Change management...

Answered: 1 week ago

Question

★★★★★

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

Answered: 1 week ago

Question

★★★★★

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

Answered: 1 week ago

Question

★★★★★

How will it feel to have achieved this? Describe this briefly to yourself.

Answered: 1 week ago

Previous Question Next Question