Need this answered within the hour, it's super quick thank you Vogue Magazine...

90.2K

Verified Solution

Question

Accounting

Need this answered within the hour, it's super quick thank you

image

Vogue Magazine sells magazine subscriptions to customers. Customers pay in advance for the full year's subscription. During the year, Vogue collected $220,000 from customers. Vogue's balance in deferred revenue decreased by $10,000 during the year. How much revenue did Vogue Magazines record during the year? (Hint: you can make up any beginning and ending balance as long as the ending is $10000 less than the beginning). Multiple Choice $220,000 Cannot determine from teh information provided $230,000 O None of the answers provided are correct. O

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students