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very urgent On 1st June , 2020 , readers of Goodnews magazine got a total 20.00 subscriptions for the magazine and 80 % of the

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On 1st June , 2020 , readers of Goodnews magazine got a total 20.00 subscriptions for the magazine and 80 % of the cash was paid immediately while 20 % was paid at the end of This subscription covers a period of 10 months
A- Prepare the company's journal records for 1st June , 2020 and end 2020
B- Prepare the adjusting entries for 31st December , 2020.
C- Give two reasons the company should not credit subscription money to revenue accounts before expiry of the subscription
On 1st June 2020. readers of Goodnews magazine got a total 20.00 subscriptions for the magazine and some of the cash was paid immediately while 20% waspalda e end of uns. This subscription covers a period of 10 months. (5 Marks) Required A Prepare the company's journal records for 1st June 2020 and end of June 2020. (1 marko B Prepare the adjusting entries for 31st December, 2020. (1 mark) C Give two reasons the company should not credit subscription money to revenue accounts before expiry of the subscription3 marks) On 1st June 2020. readers of Goodnews magazine got a total 20.00 subscriptions for the magazine and some of the cash was paid immediately while 20% waspalda e end of uns. This subscription covers a period of 10 months. (5 Marks) Required A Prepare the company's journal records for 1st June 2020 and end of June 2020. (1 marko B Prepare the adjusting entries for 31st December, 2020. (1 mark) C Give two reasons the company should not credit subscription money to revenue accounts before expiry of the subscription3 marks)

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