Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2017, for $18 each. Prepare Sport Pro December 31 , 2017 annual adjusting entry, assuming the magazines are purblsied and delivered monthly O Unearnged Subscription Revenue Subscriptions Revenue O Unearnged Subscription Revenue Subscriptions Revenue O Unearnged Subscription Revenue Subscriptions Revenue S216.000 $216,000 $90.000 S90 000 $126.000 $126.000 O Cash $216 000 Unearnged Subscription Revenue $216 000

Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2017, for $18 each. Prepare Sport Pro December 31 , 2017 annual adjusting entry, assuming the magazines are purblsied and delivered monthly O Unearnged Subscription Revenue Subscriptions Revenue O Unearnged Subscription Revenue Subscriptions Revenue O Unearnged Subscription Revenue Subscriptions Revenue S216.000 $216,000 $90.000 S90 000 $126.000 $126.000 O Cash $216 000 Unearnged Subscription Revenue $216 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2017, for $18 each. Prepare Sport Pro’s August 1, 2017, journal entry and the December 31, 2017, annual adjusting entry, assuming the magazines are published anddelivered monthly.
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