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Wildhorse Co. issues $360,000, 10-year, 10% bonds at 95. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit

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Wildhorse Co. issues $360,000, 10-year, 10% bonds at 95. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Pina Colada Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $24 per year. During November 2022, Pina Colada sells 6,360 subscriptions for cash, beginning with the December issue. Pina Colada 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 31 year-end. (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. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Cash 152640 Unearned Subscription Revenue 152640 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media

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