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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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