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3 August, 04:24

On October 1, 2019, Paige Turner Publishing received $59,400 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is

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  1. 3 August, 04:28
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    on 31st Dec 2019 the entry would be

    Subscription Earned $14,850 ($59400*3/12) Debit

    Unearned Subscriptions $ 44500 (59,400 - 14,850) Debit

    Cash $59,400 (credit)
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