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laiz [17]
3 years ago
7

A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include

a ________. the company uses a liability account for revenue received in advance.
Business
2 answers:
seropon [69]3 years ago
7 0

A credit to Unearned Revenue for $5,000

Gelneren [198K]3 years ago
7 0

Answer:

$ 5000 credit to unearned revenue

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The process cost summary is given below.

A-Total Material Cost                  = $22,500

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