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Question
If a company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to customers, the receipt of cash would be journalized as:A.Debit Cash $45,000; credit Unearned Revenue $45,000.
B.Debit Unearned Revenue $45,000; credit Sales $45,000.
C.Debit Cash $45,000, credit Sales $45,000.
D.Debit Sales $45,000, credit Unearned Revenue $45,000.
E.Debit Prepaid Subscriptions $45,000, credit Sales $45,000.
Answer
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