FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
Question
Book Icon
Chapter 10, Problem 10.10E

(a)

To determine

Unearned revenue

It is an advance made by the buyer before receiving the product or service. In upcoming period seller will have an obligation to provide goods or perform the services to the buyer for the payment already received. It is a current liability until the goods are delivered or the service is performed.

To prepare: The journal entry to record the receipts of the subscriptions for Company C.

(b)

To determine

To prepare: The adjusting journal entry to record subscription revenue recogniztion as on 31st December 2017.

(c)

To determine

To prepare: The adjusting journal entry to record subscription revenue recogniztion as on 31st December 2017.

Blurred answer
Students have asked these similar questions
none
Please provide the correct answer to this general accounting problem using accurate calculations.
general accounting

Chapter 10 Solutions

FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+

Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College
Text book image
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning