Exercise 10-7 (Part Level Submission Cul umber Company L d. publishes a man ly s

Question

Exercise 10-7 (Part Level Submission Cul umber Company L d. publishes a man ly sports magazine, sh ng Pre Subscr ptions to the magazine cest25 per year. During November 2017, Cullumber sc s D72 subscriptions for cash beginnino with the December 'ssue culum ber prepares financial statements quarterly and recagnizes subacription revenue at the end of the quarter. The company uses the accounts Uncarned Subecriptian Revanue and Subscription Revenus. The company has a Decembar 31 yar-end (a) Prepare the entry In November for the recelpt of the subscrptions, (Credit account titles are automaticolly Indented when amount is entered. Do not indent manually.) Date Aocount Titles and Explanation Debit Now.

Explanation / Answer

Excercise 10-7

Excercise 10-13

Date Account Titles and Explanation Debit Credit Nov-17 Cash    226,800             Unearned Subscription    226,800

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