Scribd Logo
Upload

Welcome to Scribd!

  • Journal Entries

    Uploaded by

    Harold Kent Mendoza
    6 views2 pages
    This document records an accounting transaction on June 1st where $84,000 was debited from cash and credited to unearned revenue to record future annual subscriptions. On December 31st, $42,000 was debited from unearned revenue and credited to sales revenue to record the portion of advance subscriptions that was earned for the year.

    Original Description:

    Journal Entries

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document records an accounting transaction on June 1st where $84,000 was debited from cash and credited to unearned revenue to record future annual subscriptions. On December 31st, $42,000 was debited from unearned revenue and credited to sales revenue to record the portion of advance subscriptions that was earned for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views2 pages

    Journal Entries

    Uploaded by

    Harold Kent Mendoza
    This document records an accounting transaction on June 1st where $84,000 was debited from cash and credited to unearned revenue to record future annual subscriptions. On December 31st, $42,000 was debited from unearned revenue and credited to sales revenue to record the portion of advance subscriptions that was earned for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Date Description Debit

    1-Jun Cash $ 84,000.00


    Unearned Revebue
    To record future annual subscriptions.

    31-Dec Unearned Revenue 42,000.00


    Sales Revenue
    To record the earned part of advance subscription.
    Credit

    $ 84,000.00

    42,000.00

    You might also like