fill the charts wileyPLUS ? Gù le https:/redugen.wleyplus.com/edugeristudentmant

Question

fill the charts

wileyPLUS ? Gù le https:/redugen.wleyplus.com/edugeristudentmantuni ina College or eBayPlay Free Games Suggested Sites Basebal Tutorials Me Web Sice Galery Careers snd Creer USAgov t CenterPoint EnergyCharles Schrwab Credit First Nationals Didates Diving-Tests.o leyPLUS weygandt, Financial Accounting, 10e PRINCIPLES OF ACCOUNTING I (FIN) (ACCT23 Read, Study & Practike Gradebok ORION Downloadable eTextbook nment> Open Assignment IGNMENT Exercise 10 5 Sumland Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $24 per vear. During November 2019, Sunland sells 31,332 subscriptions beginning with the December issue, Sunland prenares financial statements quarterty and recogrizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscriptian Reverve riptions begining with the Des ap 10 Prepare the entry in November for the receipt of the subscriptions. (Credit account tities are automatically inderted when amount is entered. Do not indent manually. Date Account Tities and Explanation Credit Study Obiecties account tities are automaticaly indented vahesr amount is entered, Do not iodent mansaly) Prepare the adhusting entry at Dacember 31, 2019, to recard ssles revenue recognized in Decsmber 2019. (Credi Date Account Titles and Explanation Dec. 31 automaticaly indented whet aiount is s ravenue recognized in the first quarter of 2020. (Credit account tithes are re Prepars the adjustmg entry at March 31, 2020, to 1scord sales Debit Creda Date Account Tities and Explanation nd

Explanation / Answer

Part 1)

The journal entry in November for the receipt of subscriptions is given as below:

______

Part 2)

The adjusting entry at December 31, 2019 is given as below:

______

Part 3)

The adjusting entry at March 31, 2020 is prepare as follows:

Date Account Titles and Explanation Debit Credit Nov.30 Cash (31,332*24) $751,968 Unearned Subscription Revenue $751,968

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.