Ayayai Corp. typically sells subscriptions on an annual basis and publishes 6 times a year. The magazine sells 84600 subscriptions in January at $9 each. What entry is made in January to record the sale of the subscriptions? O Cash 761400 Unearned Subscription Revenue 761400 O subscriptions Receivable Uneamed Subscription Revenue 126900 126900 O subscriptions Receivable Subscription Revenue 761400 761400 O Prepaid Subscriptions 761400 Cash 761400

Ayayai Corp. typically sells subscriptions on an annual basis and publishes 6 times a year. The magazine sells 84600 subscriptions in January at $9 each. What entry is made in January to record the sale of the subscriptions? O Cash 761400 Unearned Subscription Revenue 761400 O subscriptions Receivable Uneamed Subscription Revenue 126900 126900 O subscriptions Receivable Subscription Revenue 761400 761400 O Prepaid Subscriptions 761400 Cash 761400

Name: Ayayai Corp. typically sells subscriptions on an annual basis and pub
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Description: Ayayai Corp. typically sells subscriptions on an annual basis and publishes 6 times a year. The magazine sells 84600 subscriptions inJanuary at $9 each. What entry is made in January to record the sale of the subscriptions?O Cash761400Unearned Subsc

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter4: Income Measurement And Accrual Accounting

Section: Chapter Questions

Problem 4.11E: Subscriptions Horse Country Living publishes a monthly magazine for which a 12-month subscription...

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On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to McLaughlin Company for cash. McLaughlin Company charges a 750 service fee, advances 85% of Jordans accounts receivable, and charges an annual interest rate of 9% on any outstanding loan balance. Prepare the related journal entries for Jordan.
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