A magazine publisher has an account called \"unearned subscription revenue: The

Question

A magazine publisher has an account called "unearned subscription revenue: The transaction that causes the balance of this account to decrease is O cash is received from new subscribers. magazines are printed for the publisher O magazines are mailed to subscribers O subscriptions are sold to new subscribers DQuestion 10 1 pts In October, as you are reviewing the September monthly financial statements, you notice at the company has not paid for their September utility bill. You need to adjust the September statements to reflect the utility expense. When preparing the entry to record this expense, your entry would include O a credit to Cash O a credit to Utbility Expense a debit to Ubility Expense a credit to a Other Revenue 6 MacBook Air go 9

Explanation / Answer

Unearned revenue represents the income received but subscription not yet delivered.Magazines are mailed to subscribes account balance will decrease.

Option 3 is Correct

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