Whispering Winds Magazine sold 35,000 annual subscriptions on August 1, 2023, for $12 each. Prepare Whispering Winds'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 Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Whispering Winds Magazine sold 35,000 annual subscriptions on August 1, 2023, for $12 each.
Prepare Whispering Winds'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
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Whispering Winds Magazine sold 35,000 annual subscriptions on August 1, 2023, for $12 each. Prepare Whispering Winds'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 Account Titles and Explanation Debit Credit
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