Answer:
(a)Oct. 31
Dr Cash 750,000
Cr Unearned Subscription Revenue 750,000
(b)Dec. 31
Dr Unearned Subscription Revenue 125,000
Cr Subscription Revenue 125,000
(c)Mar. 31
Dr Unearned Subscription Revenue 187,500
Cr Subscription Revenue 187,500
Explanation:
Flores Company Journal entries
(a)Oct. 31
Dr Cash 750,000
Cr Unearned Subscription Revenue(30,000 ×$25) 750,000
(b)Dec. 31
Dr Unearned Subscription Revenue 125,000
Cr Subscription Revenue 125,000
($750,000 ×2/12)
(c)Mar. 31
Dr Unearned Subscription Revenue 187,500
Cr Subscription Revenue 187,500
($750,000 ×3/12)