need help Brief Exercise 13-4 Sunland Magazine sold 14,280 annual subscriptions

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Brief Exercise 13-4 Sunland Magazine sold 14,280 annual subscriptions on August 1, 2017, for $16 each, Prepare Sunland's August 1, 2017 journal entry and the December 31, 2017, annual adjusting entry, assuming the magazines are published and delivered monthly. (f 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.) Date Account Titles and Explanation Debit Credit

Explanation / Answer

Date Account Titles and Explanation Debit Credit 08/01/17 Cash (14,280 x $16) $228,480 Unearned Sales Revenue $228,480 31/12/17 Unearned Sales Revenue $95,200 Sales Revenue ($228,480 x5/12) $95,200

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