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5.A1 Media Company typically sells subscriptions on an annual basis and publishes six times a...

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Accounting

5.A1 Media Company typically sells subscriptions on an annual basis and publishes six times a
year. The magazine sells 90,000 subscriptions in January at $10 each. What entry is made
in January to record the sale of the subscriptions?
a. Subscriptions Receivable
.900,000
Subscription Revenue
b. Cash
900,000
Unearned Subscription Revenue
c. Subscriptions Receivable
150,000
Unearned Subscription Revenue
d. Prepaid Subscriptions.
.900,000
Cash.
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