PT. Papaya publishes a fashion Time magazine called Jambu Trends. The price paid to...
70.2K
Verified Solution
Link Copied!
Question
Accounting
PT. Papaya publishes a fashion Time magazine called Jambu Trends. The price paid to subscribe to the magazine is $90 per year. During April 2023, PT. Papaya succeeded in getting 25,000 customers who ordered the monthly magazine by publishing the magazine for the first time in May 2023. PT. Papaya publishes financial reports every six months and recognizes subscription revenue at the end of each semester. The first semester falls on June 30, so how much unearned subscription revenue is recognized by PT. Papaya on June 30 2023 regarding the April sales?
a. 2.250.000
b. 375.000
c. 1,875.000
Od. 750.000
e. 1.500.000
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: Flex AI - Your personal assistant for all your inquiries!
