Multiple Choice
Nationwide Magazine sells 64,000 subscriptions on account in March.The subscription price is $15 each.The subscriptions start in April.The journal entry in March would include a:
A) debit to Unearned Subscription Revenue for $960,000.
B) debit to prepaid subscriptions for $960,000.
C) credit to Cash for $960,000.
D) credit to Unearned Subscription Revenue for $960,000.
Correct Answer:
Verified
Correct Answer:
Verified
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