Homework Answers
November - debit Cash, credit Unearned Subscription Revenue for $ 1,42,800
The entry would be
Cash account Dr. $ 1,42,800. -
Unearned Subscription revenue acc Cr - $ 1,42,800
( $28 * 5100 subscriptions )
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Blossom 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...
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...
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...
3. Moreno Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost RM20...
3. Moreno Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost RM20 per year. During November 2017, Moreno sells 15,000 subscriptions beginning with the December issue. Moreno 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. Required: (a) Prepare the entry in November for the receipt of the subscriptions. (b) Prepare the adjusting entry at December 31, 2017, to record...
S ion 223 Question 12 Corporation publishes a monthly magazine, Caras. Subscriptions to the magazine cost $35 per y...
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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...
Principles o Accossting 2 (euS Oiole Company Ltd, pubishes a morthly sports magazne, Fishing Prevtew,Sucretions to...
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On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract....
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles...
On July 1, 2022, Blossom Company pays $15,624 to Sheridan Company for a 2-year insurance contract....
On July 1, 2022, Blossom Company pays $15,624 to Sheridan
Company for a 2-year insurance contract. Both companies have fiscal
years ending December 31.
For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Unearned Service Revenue July 1 15624 1562...
Can someone please answer? 56. A magazine company received $1,200 cash for subscriptions in August for...
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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...
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...
3. Moreno Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost RM20 per year. During November 2017, Moreno sells 15,000 subscriptions beginning with the December issue. Moreno 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. Required: (a) Prepare the entry in November for the receipt of the subscriptions. (b) Prepare the adjusting entry at December 31, 2017, to record...
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...
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...
Principles o Accossting 2 (euS Oiole Company Ltd, pubishes a morthly sports magazne, Fishing Prevtew,Sucretions to the mague cost $15 per year, Durning November 2017, Onole sels 11. fer cash, begnning with the Decenber iasue. Crike prepares franciul st.ements subscriptiont Prepare the entry in Nevember for the receist of the subsrotions, (Cre ae Account Titkes and Explanation account de we indeneed when Date Account Takes and nation
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles...
On July 1, 2022, Blossom Company pays $15,624 to Sheridan
Company for a 2-year insurance contract. Both companies have fiscal
years ending December 31.
For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Unearned Service Revenue July 1 15624 1562...
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