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How much is the correct balance of the unearned subscription

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Reference no: EM132700401

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 is still unearned as of 12.31.19?

Question 2: How much is the correct balance of the unearned subscription revenue on 12.31.19?

Reference no: EM132700401

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