Waterway Magazine sold 11, 760 annual subscriptions on August 1, 2025, for $21 each. Prepare Waterway's August 1, 2025, journal entry and the December 31, 2025, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Cash Un Unearned Revenue Waterway Magazine sold 11,760 annual subscriptions on August 1, 2025, for $21 each. Prepare Waterway's August 1, 2025, journal entry and the December 31, 2025, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date 8/1/25 12/31/25 Account Titles and Explanation Cash Un Unearned Revenue Sales Revenue Debit 246960 11 102900 Credit 246960 102900
Waterway Magazine sold 11, 760 annual subscriptions on August 1, 2025, for $21 each. Prepare Waterway's August 1, 2025, journal entry and the December 31, 2025, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Cash Un Unearned Revenue Waterway Magazine sold 11,760 annual subscriptions on August 1, 2025, for $21 each. Prepare Waterway's August 1, 2025, journal entry and the December 31, 2025, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date 8/1/25 12/31/25 Account Titles and Explanation Cash Un Unearned Revenue Sales Revenue Debit 246960 11 102900 Credit 246960 102900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Waterway Magazine sold 11,760 annual subscriptions on August 1, 2025, for $21 each.
Prepare Waterway's August 1, 2025, journal entry and the December 31, 2025, annual
adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account
titles are automatically indented when amount is entered. Do not indent manually. Record
journal entries in the order presented in the problem. List all debit entries before credit
entries.) Date Account Titles and Explanation Debit Credit Cash Un Unearned Revenue
Waterway Magazine sold 11,760 annual subscriptions on August 1, 2025, for $21 each. Prepare Waterway's August 1, 2025, journal
entry and the December 31, 2025, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is
required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Date
8/1/25
12/31/25
Account Titles and Explanation
Cash
Un
Unearned Revenue
3
Revenue
Debit
246960
102900
Credit
246960
102900
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