Multiple Choice
When a magazine company receives advance payment for a subscription,what is the required journal entry to be recorded?
A) Cash - Debit; Unearned Subscriptions Revenue - Credit
B) Accounts Receivable - Debit; Unearned Subscriptions Revenue - Credit
C) Cash - Debit; Subscriptions Revenue - Credit
D) Subscriptions Revenue - Debit; Cash - Credit
Correct Answer:
Verified
Correct Answer:
Verified
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