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Pickett Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $15 each.

Pickett Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $15 each. What entry is made in January to record the sale of the subscriptions? Subscriptions Receivable 900,000 Subscription Revenue 900,000 Prepaid Subscriptions 900,000 Cash 900,000 Cash 900,000 Unearned Subscription Revenue 900,000 Subscriptions Receivable 150,000 Unearned Subscription Revenue 150,000

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