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Sunland Company Ltd . publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $ 2 8 per year. During November 2 0
Sunland Company Ltd publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $ per year. During November Sunland sells subscriptions for cash, beginning with the December issue. Sunland prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December yearend. a Your answer is correct. Prepare the entry in November for the receipt of the subscriptions. Credit account titles are automatically indented when amount is entered. Do not indent manually. ccount Titles and Explanation Cash Cash Unearned Subscription Revenue List of Accounts Debit Credit Attempts: of used b Your answer is partially correct. Prepare the adjusting entry at December to record subscription revenue in December Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit Unearned Subscription Revenue Subscription Revenue List of Accounts Save for Later Last saved second ago. I just need part b
Sunland Company Ltd publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $ per year. During November Sunland sells subscriptions for cash, beginning with the December issue. Sunland prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December yearend.
a
Your answer is correct.
Prepare the entry in November for the receipt of the subscriptions. Credit account titles are automatically indented when amount is entered. Do not indent manually.
ccount Titles and Explanation
Cash
Cash
Unearned Subscription Revenue
List of Accounts
Debit
Credit
Attempts: of used
b
Your answer is partially correct.
Prepare the adjusting entry at December to record subscription revenue in December Credit account titles are automatically indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
Unearned Subscription Revenue
Subscription Revenue
List of Accounts
Save for Later
Last saved second ago.
I just need part b
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