Blossom Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Blossom sells 5,100 subscriptions for cash, beginning with the December issue. Blossom prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. enter an account title for the entry in November for the receipt of the subscriptions enter a debit amount enter a credit amount enter an account title for the entry in November for the receipt of the subscriptions enter a debit amount enter a credit amount eTextbook and Media List of Accounts Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 enter an account title for the adjusting entry on December 31, 2017 enter a debit amount enter a credit amount enter an account title for the adjusting entry on December 31, 2017 enter a debit amount enter a credit amount eTextbook and Media List of Accounts Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title for the adjusting entry on March 31, 2018 enter a debit amount enter a credit amount enter an account title for the adjusting entry on March 31, 2018 enter a debit amount

Blossom Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Blossom sells 5,100 subscriptions for cash, beginning with the December issue. Blossom prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. enter an account title for the entry in November for the receipt of the subscriptions enter a debit amount enter a credit amount enter an account title for the entry in November for the receipt of the subscriptions enter a debit amount enter a credit amount eTextbook and Media List of Accounts Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 enter an account title for the adjusting entry on December 31, 2017 enter a debit amount enter a credit amount enter an account title for the adjusting entry on December 31, 2017 enter a debit amount enter a credit amount eTextbook and Media List of Accounts Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title for the adjusting entry on March 31, 2018 enter a debit amount enter a credit amount enter an account title for the adjusting entry on March 31, 2018 enter a debit amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Date	Account Titles and Explanation	Debit	Credit
Nov.	enter an account title for the entry in November for the receipt of the subscriptions	enter a debit amount	enter a credit amount
	enter an account title for the entry in November for the receipt of the subscriptions	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title for the adjusting entry on December 31, 2017	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on December 31, 2017	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 31	enter an account title for the adjusting entry on March 31, 2018	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on March 31, 2018	enter a debit amount

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.