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liz_08 liz_08
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5 years ago
On January 1, the Thunderball Hockey Association sold 1100 season passes for $120 each. The season lasts from February through May. If the amount received was credited to unearned revenue, what adjusting entry will be made on February 28?

A)
Prepaid Subscription Revenue33,000
       Subscription Revenue 33,000

B)
Subscription Revenue66,000
       Subscriptions Payable66,000

C)
Unearned  Subscription Revenue33,000
       Subscription Revenue33,000

D)
Unearned Subscription Revenue66,000
       Subscription  Revenue66,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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YonigcaYonigca
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Posts: 181
5 years ago
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liz_08 Author
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5 years ago
White Checkmark
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5 years ago
...I assume it was right Smiling Face with Open Mouth
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