I been trying to get an answer for this problem the only thing I get back is tha

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I been trying to get an answer for this problem the only thing I get back is that my question needs to be clarify. Which the question is on the photo.

Wildhorse Company publishes a monthly sports magazine, magazine cost $28 per year. During November 2019, Wildhorse sells 18,156 beginning with the December issue. Wildhorse prepares financial statements recognizes subscription revenue at the end of the quarter. The company Unearned Subscription Revenue and Subscription Revenue. Fishing Preview. Subscriptions to the nd quarterly a uses the accounts Prepare th e entry in November for the receipt of the subscriptions. (Credit account titles are cally indented when amount is entered. Do not indent manually Account Titles and Explanation Date Debit Credit Nov. 30 Prepare the adjusting entry at December 31, 2019, to record sales revenue recognized in December 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the adjusting entry at March 31, 2020, to record sales revenue recognized in the first quarter of 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Debit Credit Date Account Titles and Explanation Mar. 31 Copyright 2000-2017byJohnWiley& ons, Inc. or related companies. All rights reserved.

Explanation / Answer

SOLUTION:

42,364

42,364

(508,368 * 1/12)

127,092

127,092

(508,368 * 3/12)

Debit Credit Oct-31 Cash 508,368 Unearned Subscription Revenue 508,368 (18,156 * 28) Dec-31 Unearned Subscription Revenue

42,364

Subscription Revenue

42,364

(508,368 * 1/12)

Mar-31 Unearned Subscription Revenue

127,092

Subscription Revenue

127,092

(508,368 * 3/12)

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