Question 31 3 pts On March 31, 2020, Crateman Publishing Corp. receives a prepayment from Samson, Inc. of $1.500 for a 12-month subscription to a trade journal they publish. The subscription starts on April 1, 2020. Crateman records adjusting journal entries annually on its year-end date. What adjusting journal entry will Crateman Publishing Corp. record on December 31, 2020 [year-end relating to this subscription? Credit ACCOUNT Subscription Expense Prepaid Expenses Debit 1.125 1.125 o Credit ACCOUNT Deferred Revenue Subscription Revenue Debit 1,125 1.125 O Credit ACCOUNT Cash Subscription Revenue Debit 1,500 1,500 Credit ACCOUNT Deferred Revenue Subscription Revenue Debit 1,500 1,500 Question 32 3 pts The records of Johnson Corp showed the following about a machine Purchased: January 1, 2016 for $80.000 Accumulated Depreciation. December 31, 2020, $38,000 On December 31, 2020, the machine was sold for $37.000. The pain or less on disposal would be (51.0001 loss $5.000 $40.000 155.000 loss 3 pts Question 33 Davis, Inc. reported total stockholders equity of 5547000 on its balance sheet dated December 31, 2018. During 2019, Davis reported the following items . Net income of $160.000 Sold 500 additional shares of its $1 por common stock for $30 per share Declared and paid dividends of $39.000 What amount would Davis report as total stockholders' equity on its balance sheet dated December 31, 2017 $121.000 5722.000 5683.000 $668.500