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Homework Answers
Revenue earned during August = 350 X $60 / 12 = $1,750
Revenue earned from September to December = 500 X $60 X 4 / 12 = $10,000
Total subscription revenue under during 2019 from August 2019 sales = $1,750 + $10,000 = $11,750
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Required information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly...
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ivanhoe company Ltd publishes a monthy sports magazine, fishing preview. subscriptions to the magazine cost $28...
ivanhoe company Ltd publishes a monthy sports magazine,
fishing preview. subscriptions to the magazine cost $28 per year.
during november 2022, ivanhoe sells 6,000 subscriptions for cash,
beginning with the december issue. ivanhoe prepares financial
statements quarterly and recognizes subcription revenue at the end
of the quartee. the company uses the accounts unearned subcription
revenue and subscription revenue. the company has a december 31
year end
Date Account Titles and Explanation Debit Credit Nov. Prepare the adjusting entry at December...
Required information The following information applies to the questions displayed below.) Vanishing Games Corporation (VGC) operates...
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Required information [The following information applies to the questions displayed below.] Arndt, Inc., reported the following...
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fishing preview. subscriptions to the magazine cost $28 per year.
during november 2022, ivanhoe sells 6,000 subscriptions for cash,
beginning with the december issue. ivanhoe prepares financial
statements quarterly and recognizes subcription revenue at the end
of the quartee. the company uses the accounts unearned subcription
revenue and subscription revenue. the company has a december 31
year end
Date Account Titles and Explanation Debit Credit Nov. Prepare the adjusting entry at December...
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