Ski Quarterly typically sells subscriptions on an annual basis, and publishes four times a year in January, April, July and October. The magazine sells 90,000 subscriptions in January at CHF20 each. If Ski Quarterly publishes a quarterly financial statement at March 31, the adjusting journal entry to recognize revenue will include a. a debit to Cash for CHF600,000. b. a debit to Subscription Revenue for CHF600,000 c. a debit to Unearned Subscription Revenue for CHF450,000. d. a credit to Prepaid Subscriptions for CHF450,000.

ans: C SHOW YOUR WORK