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QUESTION
Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions start in April. The journal...
Nationwide Magazine sells 63,000 subscriptions on account in March. The subscription price is $14 each. The subscriptions start in April. The journal entry in March would include a:
A) debit to Unearned Subscription Revenue for $882,000.
B) debit to prepaid subscriptions for $882,000.
C) credit to Cash for $882,000.
D) credit to Unearned Subscription Revenue for $882,000.
