Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on august 1, healthy plus magazine collected cash

On August 1, Healthy Plus Magazine collected cash of $57,000 on future annual subscriptions starting...

60.1K

Verified Solution

Question

Accounting

image

On August 1, Healthy Plus Magazine collected cash of $57,000 on future annual subscriptions starting on September 1 Requirements 2. Jourmalize the transaction required at December 31, the magazine's year-end, assuming no revenue eaned has been recorded. (Round adjustment to the nearest whole dollar.) Requirement 1. Journalize the transaction to record the collection of cash on August 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the transaction to record the collection of cash on August 1 Date Accounts and Explanation Debit Credit Aug. 1

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Give short answers to the following: (a) (i) Write the equation for Mohr-Coulomb shear failure criteria...

Civil Engineering
Q

A vapor-compression heat pump with a heating capacity of 500 kJ/min is driven by a power...

Mechanical Engineering
Q

The regression line minimizes the sum of the squared errors True o false F significance is used...

General Management
Q

The following weights in kilograms were recorded for a hockey team: 73 75 76 77 78 86...

Basic Math
Q

1. Periodically, the county Water Department tests the drinking water of homeowners for contminants such as...

Basic Math
Q

Sketch a triangle that has acute angle 8 13 csc 8 13 5 10 13...

Calculus
Q

1 Which of the following represents the solutions to x 1 x 4 7 3...

Algebra
Q

What is the domain of the square root function graphed below 6 4 du O...

Algebra
Q

On April 3, a business counted $3,400.10 cash received from the days sales. According to...

Accounting
Q

QUESTION 3 Andrew and Simon are prospective entrepreneurs and are soliciting your advice to start...

Accounting
Q

Below is a list of key terms. ______ 1) Bill and...

Accounting
Q

Lives Match 5-24 Walt Wallace Construction Enterprises may hu new dump truck with a...

Finance