the answer for "chiffon would report revenues of ..........on its 2012 income statment related to theses subscriptions

Requirements 1. Chiffon Company sells annual subscriptions to its investment -advice magazine for in 35. Suppose it sold 2,000 subscriptions in December, 2012, for magazines to be delivered quarterly in 2013. How would Chiffon Company show this on its December 31, 2012, balance sheet? How would it affect the company's 2012 income statement? How would it affect the income statement for the first 6 months of 2013? 2. Chiffon Company pays its salaried personnel monthly on the fifth day of the following month. That is, it pays January's salaries on February 5. The company's total salaries for 2012 were e288,000, spread evenly over the 12 months. How will this affect the December 31, 2012, balance sheet? When will the December salaries (which are paid on January 5) be charged as expenses on the income statement? Requirement 1. Chiffon Company sells annual subscriptions to its investment -advice magazine for in 35. Suppose it sold 2,000 subscriptions in December, 2012, for magazines to be delivered quarterly in 2013. How would Chiffon Company show this on its December 31, 2012, balance sheet? How would it affect the company's 2012 income statement? How would it affect the income statement for the first 6 months of 2013? (Enter an amount in each step.) How would Chiffon Company show this on its December 31, 2012, balance sheet? Chiffon would report a liability of in 70000 on its December 31, 2012 balance sheet. How would it affect the company's 2012 income statement? Chiffon would report revenues of in 35000 on its 2012 income statement related to these subscriptions. 71