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nment CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 255 (Part Level Submission) Mantle Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December 2016, Expert Publications sells 4,000 copies of the golf magazine at newsstands and receives payment for 6,000 subscriptions for 2017. Financial statements are prepared monthly. Y (a) Your answer has been saved and sent for grading. See Gradebook for score details Prepare the December 2016 journal entries to record the newsstand sales and subscriptions received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Ne. Account Titles and Explanation Debit Credit 1. 16, Sales Revenue 16,000 (To record sales) Cash 216, 216, Unearned Subscription Revenue ( record subscriptices feceived) Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of 1 used (b) (Credit account titles are automatically i Accoust Tiles and Explanation ng entry on January 31, 2017. The January 2017 issue has been mailed to subscribers. ndented when the amount is entered. Do not indent manually.) Debit Credit Click if you would like to Show Work for this question: Open Show Work SAVE FOR LATER Attempts: 0 of 1 used

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