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Title: A company received $5,000 for 100 one-year subscriptions on July 1. The journal entry to record this ... Post by: H3Ko on Aug 28, 2016 A company received $5,000 for 100 one-year subscriptions on July 1. The journal entry to record this cash receipt would include a ________. The company uses a liability account for revenue received in advance.
A) debit to Prepaid Expenses for $5,000 B) debit to Note Payable for $5,000 C) credit to Accounts Payable for $5,000 D) credit to Unearned Revenue for $5,000 Title: Re: A company received $5,000 for 100 one-year subscriptions on July 1. The journal entry to record ... Post by: Tanks on Aug 28, 2016 Content hidden
Title: Re: A company received $5,000 for 100 one-year subscriptions on July 1. The journal entry to record this ... Post by: H3Ko on Oct 12, 2016 YES! Can't believe I got this one right. Appreciate the confirmation
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