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Requirements d the jou planatic 1. Record the journal entry to record the original receipt of $130,000 cash. 2. Record the adjusting entry that World
Requirements d the jou planatic 1. Record the journal entry to record the original receipt of $130,000 cash. 2. Record the adjusting entry that World Gaming makes to record earning $10,000 in subscription revenue that was collected in advance. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances after adjustments. (Ignore the Cash account.) Print Done World Gaming collects cash from subscribers in advance and then provides online games to subscribers over a one-year period. Read the requirements. Requirement 1. Record the journal entry to record the original receipt of $130,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit
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