Prepayments by customers greenland enterprises began a new

Reference no: EM13480692

Prepayments by customers. Greenland Enterprises began a new magazine in the fourth quarter of 19X2. Annual subscriptions, which cost $18 each, were sold as follows: Number of Subscriptions Sold October 400 November 700 December 1,000 If subscriptions begin (and magazines are sent) in the month of sale: a. Present the necessary journal entry to record the magazine subscriptions sold during the fourth quarter. b. Determine how much subscription revenue Greenland earned by the end of 19X2. c. Compute Greenland's liability to subscribers at the end of 19X2.

Reference no: EM13480692

Questions Cloud

Susan works in a real estate office that is equipped with : susan works in a real estate office that is equipped with up-to-date copiers scanners and printers. she is frequently

Explain how accounting concepts and standards and the : explain how accounting concepts and standards and the financial statements based on them are subject to the pervasive

A company reported net sales of 178388 million its gross : a company reported net sales of 17838.8 million. its gross rpfit was 4860.2 million. what was the amount of the

What kinds of risks does a firm like amazoncom face with : what kinds of risks does a firm like amazon.com face with respect to safeguarding its assets? what types of controls do

Prepayments by customers greenland enterprises began a new : prepayments by customers. greenland enterprises began a new magazine in the fourth quarter of 19x2. annual

Marc and michelle are married and earned salaries this year : marc and michelle are married and earned salaries this year of 64000 and 12000 respectively. in addition to their

What is fedexs strategy for success in the marketplace does : what is fedexs strategy for success in the marketplace? does the company rely primarily on a customer intimacy

Calculate the aimed profit percentages for the three : a computer manufacturer produces three types of devicesmobile phones tablets and computers. for the production of these

Crandalls ceramic company has the following production : crandalls ceramic company has the following production information for the month of march. all materials are added at

User Account

All Pages