Question

A company sells 12-month subscriptions to popular magazines. During the month of may, the company sells $10,000 in magazines, which will start in june. The journal entry to record the sales not yet earned will include a credit to which account? multiple choice question.

Answer 1

Good is for aware consumers who value quality of life, fashion, and the environment. The areas of home, fashion, gardening, crafts, travel, health, and beauty are all covered in each issue of Good.

What journal entry to record the sales not yet earned?

When a business sells any merchandise to a third party on credit, an entry called a sales credit journal entry is made in the company's sales journal.

There is usually a selection of delectable dishes as well as professional advice on relationships, wellness, and nutrition.

Therefore,  In this instance, the sales account is credited in proportion to the debit to the debtor's account or account receivable account.

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