An unearned subscription of PhP360,000 was credited when it was received on April 1, 2013, good for 1 year. How much is the balance of unearned subscription at the end of December 31, 2012? a. b. What is the amount of the adjustment?

An unearned subscription of PhP360,000 was credited when it was received on April 1, 2013, good for 1 year. How much is the balance of unearned subscription at the end of December 31, 2012? a. b. What is the amount of the adjustment?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please help me with my accounting assignment, If possible with explanation and solution, please.

3.
An unearned subscription of PHP360,000 was credited when it was received on April 1,
2013, good for 1 year.
a.
How much is the balance of unearned subscription at the end of Deceber 31,
2012?
b.
What is the amount of the adjustment?
2021/11/28 16:53

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