Explanation Adjusting entry: Adjusting entry can be defined as a special journal entry that is prepared at the end of the accounting period, with the objective to make necessary adjustments in associated accounts concerning prepaid and accruals. Prepare the t-accounts for subscription revenue and unearned subscription revenue as shown below. Subscription revenue account: Subscription revenue a/c Date Particulars Ref. Debit ($) Credit ($) Debit ($) Credit ($) Mar 31 Cash 24,000 Unearned subscription revenue 4,000

Pearson eText Intermediate Accounting -- Instant Access (Pearson+)

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ISBN: 9780136946649

Author: Elizabeth Gordon, Jana Raedy

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Chapter 4, Problem 4.22BE

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To prepare: The t-accounts for subscription revenue and unearned subscription revenue for G Company before and after preparing adjusting entries.

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Chapter 4, Problem 4.21BE

Chapter 4, Problem 4.23BE

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Pearson eText Intermediate Accounting -- Instant Access (Pearson+)

Ch. 4 - Prob. 4.1Q Ch. 4 - ShoeBuy uses reversing entries for events such as...Ch. 4 - What is equity? What are the three components of...Ch. 4 - Prob. 4.4Q Ch. 4 - Will all transactions have a dual effect on the...Ch. 4 - Prob. 4.6Q Ch. 4 - What is meant by the term normal balance? Provide...Ch. 4 - Why is the general journal referred to as the book...Ch. 4 - Are account balances found in the general ledger?...Ch. 4 - What is the purpose of an unadjusted trial...

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The t-accounts for subscription revenue and unearned subscription revenue for G Company before and after preparing adjusting entries .

Solution Summary: The author explains how to prepare t-accounts for subscription revenue and unearned subscription revenues for G Company before and after preparing adjusting entries.

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To prepare: The t-accounts for subscription revenue and unearned subscription revenue for G Company before and after preparing adjusting entries.

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Chapter 4 Solutions