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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 20, 2014



Title: In August, 2013, a publisher receives a check for $120 from a subscriber for a o
Post by: goji.go on Oct 20, 2014
In August, 2013, a publisher receives a check for $120 from a subscriber for a one-year subscription to "Willie," a monthly magazine. The subscriber will receive the first magazine in September. Prepare: (a) the journal entry to record the amount received in August; and (b) the adjusting entry to be made as of December 31, 2013. (HINT: The publisher earns revenue only on delivery of magazines to the subscribers. Receipt of cash before delivery results in a liability called "Deferred subscription revenue.")


Title: Re: In August, 2013, a publisher receives a check for $120 from a subscriber for a o
Post by: f_zah1 on Oct 23, 2014
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Title: Re: In August, 2013, a publisher receives a check for $120 from a subscriber for a o
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: In August, 2013, a publisher receives a check for $120 from a subscriber for a o
Post by: f_zah1 on Oct 23, 2014
You're very welcome!