(Solved Homework): Do Homework Abiola AkinhanmG ecur re https://www.mathdl.com/Student/P 441 ACC2010 Intermediate Accounting I Homewor…

Do Homework Abiola AkinhanmG ecur re https://www.mathdl.com/Student/P 441 ACC2010 Intermediate Accounting I Homework: Ch3 Score: 0 of 1 pt BE4-13 (book/static) 9of9(4 complete) ▼ Gerhard News collects payments from customers for newspaper subscriptions on a yearly basis (specifically, In one-year subscriptions) Ead March 1, Gerhard collected $24,000 cash for one-year subscriptions. Prepare the journal entry to record the iniial transaction and the entry th Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the journal entry to record the initial transaction. March 1 Account Accounts Recelvable Cash Unearned Subscription Revenue click Check Answer Choose from any list or enter any number in the input fiolds and then remaining
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Do Homework Abiola AkinhanmG ecur re https://www.mathdl.com/Student/P 441 ACC2010 Intermediate Accounting I Homework: Ch3 Score: 0 of 1 pt BE4-13 (book/static) 9of9(4 complete) ▼ Gerhard News collects payments from customers for newspaper subscriptions on a yearly basis (specifically, In one-year subscriptions) Ead March 1, Gerhard collected $24,000 cash for one-year subscriptions. Prepare the journal entry to record the iniial transaction and the entry th Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the journal entry to record the initial transaction. March 1 Account Accounts Recelvable Cash Unearned Subscription Revenue click Check Answer Choose from any list or enter any number in the input fiolds and then remaining

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journal entry :-

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Date Particulars Debit ($) Credit ($)
March 1 Cash a/c Dr. 24000
To Unearned subscripion revenue 24000
(Advence subscription recorded)
March 31 Unearned subscription revenue (24000/12) 2000
To Subscriotion revenue 2000
(Subscription revenue actually received)

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