S3-11 (similar to) Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. In the explanation, use the following actual example: The New York Times, a natione content via print newspapers and online access to subscribers over a one-year period. Explain what happens to the unearned revenue over the course of a year as The New York the earned subscription revenue go as The New York Times delivers papers and online content? Give the journal entries that The New York Times would make to (a) collect $80,00 subscription revenue. Include an explanation for each entry Explain what happens to the uneamed revenue over the course of a year as The New York Times delivers papers and online content to subscribers. Unearned revenues are liabilities because The New York Times has received cash from Subscribers before providing them with newspapers and online acce into what account does the earned subscription revenue go as The New York Times delivers papers and online content? As The New York Times delivers newspapers to subscribers, The New York Times ears the revenue, and that amount thon goes from the Uncamed Rovento account to the Revenu Give the journal entries that the New York Times would make to (a) collect $80,000 of subscription revenue in advance and (b) record carning $70,000 of subscription revenue. Include explanation on the last line of the journal entry table) (a) Begin by recording the entry to show The New York Times collecting subscription revenue in advance. Journal Entry Date Accounts and Explanations Credit Uneamed Subscription Revenue 80,000 Subscription Revenue Debit 70000 Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All Type here to search O BI E Complete the paragraph to explain why normed revenues robes statinio netolongach example The New York Times, antion newspaper, collects cash to subscribers in advance and provides news content va pre newspapers and online access to subscribers over a one you penod Explan what happen to the mediave over the course of a year as The New York Times delivers papers and online content to subscribers to what account does the cand subscriven go as The New York Times de verspers and in contente puth Yors would make a cold 10,000 of subscription in advance and record aming 570.000 suscron revenue include an explanation for each entry Exten wat happens to the neared revenue over the course of a year as The New York Times delivers papers and online content to subscribers Unwand revenues are because The New York Times has received ashom subscribers before providing them with newspapers and online access Into what account does the same brows. The Now York Times Olivers pros and co? As The New York Tires nowers to cres, The New York Times came the revenue and that moun the goes from the named Revenue mccount to the Revenue cu Give the portantes that The How York Times would make is a collect 500,000 of subscription Event in and recordar $70,000 of subscription Include an exploration for eacher Records to the credits See Date Credit Journal Ewy Accounts and Explanations Und Subscrivende Subscription Revenue NO