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How much is the correct amount of subscription revenue

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Reference no: EM132700398

Basic Company's unadjusted trial balance for the year ended December 31, 2019 showed an Unearned Subscription Revenue account of P6,000. This balance was related to a one year subscription that started on October 1, 2019.

Question 1: How many months of the subscription contract was earned for the year ending 12.31.2019?

Question 2: How much is the correct amount of subscription revenue for year 2019 related to the said subscription contract?

Reference no: EM132700398

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