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![Sr.No. Credit Debit $300,000 a [15000 x $20] $300,000 b $25,000 [$20/12 x 15000] Date Account Title Nov 2017 Cash Unearned Su](http://img.homeworklib.com/questions/9e210c00-e801-11ea-ac91-b33e128f468e.png?x-oss-process=image/resize,w_560)
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3. Moreno Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost RM20...
Ivanhoe Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28...
Ivanhoe Company Ltd. publishes a monthly 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 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. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are...
Blossom Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28...
Blossom Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Blossom sells 5,100 subscriptions for cash, beginning with the December issue. Blossom 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) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles...
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...
S ion 223 Question 12 Corporation publishes a monthly magazine, Caras. Subscriptions to the magazine cost $35 per y...
S ion 223 Question 12 Corporation publishes a monthly magazine, Caras. Subscriptions to the magazine cost $35 per year. During September 2012. No beginning with the October issue September 2018, Novedades se 20.000 Instructions (a) Prepare the entry in September for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2018, to record subscription ruvenue earned in ld Prepare the adjusting entry at March 31, 2019, to record subscription revenue eamed in the the year ended Depember...
CSUSB Publications publishes a volleyball magazine for women The magazine sells for $4.00 a copy on...
CSUSB Publications publishes a volleyball magazine for women The magazine sells for $4.00 a copy on the newsstand Yearly subscriptions to the magazine cost $36 per year (12 issues) During December 2017, CSUSB Publications sells 4,000 copies of the volleyball magazine at newsstands and receives payment for 6,000 statements are prepared monthly Q1: Prepare the December 2017 journal entries to record the newsstand sales and subscriptions received subscriptions for 2018. Financial (Newsstand transaction) Dr. Cash Cr. n Transaction) Dr. Cash...
C. Deferred revenues—subscription fees Tremblay Inc. publishes a monthly newsletter for retail marketing managers and requires...
C. Deferred revenues—subscription fees Tremblay Inc. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $72 in advance for a one-year subscription. During the month of April 2018, Tremblay Inc. sold 160 one-year subscriptions and received payments in advance from all new subscribers. Only 85 of the new subscribers paid their fees in time to receive the April newsletter. The other subscribers received the newsletter in May. Required: Prepare journal entries to record the subscription...
Please help me answer BUS201-Financial Accounting (U-Term) Chapter 10 Class Exercises 1. On May 1, Redhead...
Please help me answer
BUS201-Financial Accounting (U-Term) Chapter 10 Class Exercises 1. On May 1, Redhead Clothiers borrowed $90,000 on a 3-month note to provide cash during the slow season of the year. The interest rate on the note was 496. What was the total cost of financing? 2. Sago Company Ltd. publishes a monthly sports magazine, Home Cooking. Subscriptions to the magazine cost $30 per year. During November 2017, Sago sells 2,800 subscriptions for cash. Subscriptions begin with the...
Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s August 1, 201...
Bridgeport Magazine sold 11,640 annual
subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s
August 1, 2017, journal entry and the December 31, 2017, annual
adjusting entry, assuming the magazines are published and delivered
monthly. (If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
Brief Exercise 13-4 Your answer is partially correct. Try again. Bridgeport Magazine...
Advance Payments for Goods The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52-week...
Advance Payments for Goods The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52-week subscription sells for $260. Assume that CDT sells 100 subscriptions on January 1. None of the subscriptions are cancelled as of March 31. a. Prepare a journal entry to record the receipt of the subscriptions on January 1. b. Prepare a journal entry to record one week of earned revenue on March 25.
Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s August 1, 201...
Bridgeport Magazine sold 11,640 annual
subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s
August 1, 2017, journal entry and the December 31, 2017, annual
adjusting entry, assuming the magazines are published and delivered
monthly. (If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13...
Ivanhoe Company Ltd. publishes a monthly 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 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. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are...
Blossom Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Blossom sells 5,100 subscriptions for cash, beginning with the December issue. Blossom 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) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles...
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...
S ion 223 Question 12 Corporation publishes a monthly magazine, Caras. Subscriptions to the magazine cost $35 per year. During September 2012. No beginning with the October issue September 2018, Novedades se 20.000 Instructions (a) Prepare the entry in September for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2018, to record subscription ruvenue earned in ld Prepare the adjusting entry at March 31, 2019, to record subscription revenue eamed in the the year ended Depember...
CSUSB Publications publishes a volleyball magazine for women The magazine sells for $4.00 a copy on the newsstand Yearly subscriptions to the magazine cost $36 per year (12 issues) During December 2017, CSUSB Publications sells 4,000 copies of the volleyball magazine at newsstands and receives payment for 6,000 statements are prepared monthly Q1: Prepare the December 2017 journal entries to record the newsstand sales and subscriptions received subscriptions for 2018. Financial (Newsstand transaction) Dr. Cash Cr. n Transaction) Dr. Cash...
C. Deferred revenues—subscription fees Tremblay Inc. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $72 in advance for a one-year subscription. During the month of April 2018, Tremblay Inc. sold 160 one-year subscriptions and received payments in advance from all new subscribers. Only 85 of the new subscribers paid their fees in time to receive the April newsletter. The other subscribers received the newsletter in May. Required: Prepare journal entries to record the subscription...
Please help me answer
BUS201-Financial Accounting (U-Term) Chapter 10 Class Exercises 1. On May 1, Redhead Clothiers borrowed $90,000 on a 3-month note to provide cash during the slow season of the year. The interest rate on the note was 496. What was the total cost of financing? 2. Sago Company Ltd. publishes a monthly sports magazine, Home Cooking. Subscriptions to the magazine cost $30 per year. During November 2017, Sago sells 2,800 subscriptions for cash. Subscriptions begin with the...
Bridgeport Magazine sold 11,640 annual
subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s
August 1, 2017, journal entry and the December 31, 2017, annual
adjusting entry, assuming the magazines are published and delivered
monthly. (If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
Brief Exercise 13-4 Your answer is partially correct. Try again. Bridgeport Magazine...
Bridgeport Magazine sold 11,640 annual
subscriptions on August 1, 2017, for $13 each. Prepare Bridgeport’s
August 1, 2017, journal entry and the December 31, 2017, annual
adjusting entry, assuming the magazines are published and delivered
monthly. (If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
Bridgeport Magazine sold 11,640 annual subscriptions on August 1, 2017, for $13...
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