Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 1, 2018, fortune magazine sold 780 on

On September 1, 2018, Fortune Magazine sold 780 one-year subscriptions for $85 each. The total...

70.2K

Verified Solution

Question

Accounting

On September 1, 2018, Fortune Magazine sold 780 one-year subscriptions for $85 each. The total amount received was credited to deferred subscriptions revenue. What is the required adjusting entry at December 31, 2018? Multiple Choice A. Deferred subscriptions revenue 44,200 Subscriptions revenue 44,200 B. Deferred subscriptions revenue 22,100 Subscriptions revenue 22,100 C. Deferred subscriptions revenue 22,100 Subscriptions payable 22,100

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

Finance
1.2K views

Winchell Investment Advisors is evaluating the capital structure of Ojai Foods. ? Ojai's balance sheet indicates...

Chemistry
1.2K views

If a 50% toluene and 50% cyclohexane mixture goes through to vaporization-condensation processes, what is the composition...

Chemistry
1.2K views

A balloon filled with 6.50 L He rises from sea level to a height where the pressure...

Civil Engineering
1.2K views

A _____________ dredger essentially consist of a graph suspended from cable. Select one: a. Hydraulic b. Bucket c. Grab d. Ladder

Accounting
1.2K views

Give five examples of organizational forms used to produce goods and services. What tax characteristics distinguish...

Biology
1.2K views

In serine protease catalytic triad mechanism the first and second products that leaves the active...

Geometry
1.2K views

27 8 8 A 1 386 B 1 173 C 960 D 426 10 12...

Geometry
1.2K views

7 Given tan 24 tan 21 what is the value 1 tan 24 tan21 O...

Basic Math
1.2K views

Let Q z be the predicate 1 2x If the domain consists of all integers...

Basic Math
1.2K views

The radius of a circular oil spill after t minutes is given by r(t) =...

Accounting
1.2K views

how did you find the -150000?

Finance
1.2K views

Spherical Manufacturing recently spent 13 million to purchase some equipment used in the manufacture of...