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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339 تمرين 20
Accounting for unearned revenues
Metro Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period.
Requirements
1. Journalize the entry to record the original receipt of $170,000 cash.
2. Journalize the adjusting entry that Metro Magazine makes to record the earning of $12,000 of subscription revenue that was collected in advance. Include an explanation for the entry.
Metro Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period.
Requirements
1. Journalize the entry to record the original receipt of $170,000 cash.
2. Journalize the adjusting entry that Metro Magazine makes to record the earning of $12,000 of subscription revenue that was collected in advance. Include an explanation for the entry.
التوضيح
موثّق
موثّق
Unearned revenue is a liability created ...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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