Current Attempt in Progr Bridgeport Magazine sold 22,400 annual subscriptions on August 1, 2023, for $15 each. Prepare Bridgeport's August 1, 2023 journal entry and the December 31, 2023 annual adjusting entry, assuming the magazines are published and delivered monthly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Aug. 1 + Dec. 31 Account Titles and Explanation Cash Unearned Warranty Revenue Unearned Warranty Revenue Service Revenue Debit 3,36,000 Credit 3,36,000

Current Attempt in Progr Bridgeport Magazine sold 22,400 annual subscriptions on August 1, 2023, for $15 each. Prepare Bridgeport's August 1, 2023 journal entry and the December 31, 2023 annual adjusting entry, assuming the magazines are published and delivered monthly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Aug. 1 + Dec. 31 Account Titles and Explanation Cash Unearned Warranty Revenue Unearned Warranty Revenue Service Revenue Debit 3,36,000 Credit 3,36,000

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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Use the following accounts; Cash Foreign exchange gain Foreign exchange loss Capital Bank Short-term investments Loss on sale of short-term investment Gain on sale of short-term investment RA established his own company, r@ktas Co. The following transactions are the events that occurred during December 2018, the company's first month: Date 12/1 The owner invested $ 200,000 cash for capital. 12/5 r@ktas Co., opened deposit account on Don't Trust Bank and put 2.000 Euro (Exchange rate was 1 Euro= 1,5 Dollar) 12/10 The Company purchased short-term investment with cash for $2,500. 12/18 The Company sold short-term investment with cash for $2.000 Note: • Exchange rate was 1 Euro= 1,4 Dollar at the end of the period. Requirements: 1- Give the journal entry for each transaction. 2- Post each transaction to Taccounts.
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