On May 1, 2018, $12,000 of annual magazine subscriptions were sold by Glolar, Inc. The subscribed magazines are delivered on the first day of each month beginning on May 1, 2018. The total cost of the subscribed magazines is $3,600 or $300 per month.
A. Determine the amount of revenue during 2018.
B. Explain how the matching concept is applied relative to the magazines.

Question

Quizplus · Accepted Answer

The Answer of On May 1, 2018, $12,000 of annual magazine subscriptions were sold by Glolar, Inc. The subscribed magazines are delivered on the first day of each month beginning on May 1, 2018. The total cost of the subscribed magazines is $3,600 or $300 per month.
A. Determine the amount of revenue during 2018.
B. Explain how the matching concept is applied relative to the magazines.

On May 1, 2018, $12,000 of Annual Magazine Subscriptions Were