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Dominik [7]
3 years ago
10

A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the

adjusting entry, they recognized Subscription revenue of $14,800. The December 31, 2013 balance of the Unearned Revenue account was $12,300. What must have been the amount of cash received by the magazine company as advance payments from customers during the year 2013
Business
1 answer:
crimeas [40]3 years ago
8 0

Answer:

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

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Answer:

Confirm that all the stakeholders have had input into the scope.

Explanation:

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7 0
3 years ago
If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two
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Answer:

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      0               20             _        

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8 0
3 years ago
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Answer:

Entries are given

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We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

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