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PLEASE HELP Kingbird publishes a monthly music magazine, Discover, Subscriptions to the magazine cost $13 per year. During November 2024 , Kingbird sells 11,100 subscriptions
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Kingbird publishes a monthly music magazine, Discover, Subscriptions to the magazine cost $13 per year. During November 2024 , Kingbird sells 11,100 subscriptions beginning with the December issue Kingbird prepares financial statements quarterly and recognizes subscription revenue on magazines sold at the end of the quarter. The company uses the accounts Unearned Revenue and Revenue. (a) Prepare the entry to record the receipt of the subscriptions. (Credit occount titles ore outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts List debit entry beforecredit entry) Skysong publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $15 per year. During November 2024. Skysong selis 12,900 subscriptions beginning with the December issue. Skysong prepares financial statements quarterly and recognizes revenue for magazines sold at the end of the quarter. The company uses the accounts Unearned Revenue and Revenue. (a) Prepare the entry in November for the receipt of the subscriptions. (Credit occoint titles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credit entry) Teal Mountain Enterprises borrows $68.400 from Sandhill Co. on July 1. 2024, signing a 4\$6, one-year note payable. Interest is to be paid at maturity. (a) Prepare the journal entry for Teal Mountain Enterprises to record the receipt of the proceeds of the note. (Credit occount tities are outomabically indented whenthe amount is entered. Do not indent manuolly If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List debit entry before credit entry Step by Step Solution
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