Question

On June 1, Baby Raising Magazine collected cash of $63,000 on future annual subscriptions starting on July t 1. Journalize the transaction to record the collection of cash on June 1 2. Joumalire the transaction requieed at December 31, the magazine's year end, assuming no revene eamed has been recorded (Round adjystment to the nearest whole dolar) Requirement 1.Journake the transacton to record the colection of cash on June (Record debitstrst、tw, credis Seledthe esplanation on the last ie ofthepmalety tale) Date Accounts and Explanation Debit Credit Jun 1 Requirement 2. Journalize the transaction required at December 31, the magacine's year end assuming ne revenue eared has been recerdedRed dubis Srst, then cresihs Select the esplanason on the last Iine df he journal entry table Round adjustment to the nearest whole dellar) Date Accounts and Explanation Debit Credit Dec 31 Choose trom any ist or enter any number in the input fields and then continue to the next question

Answer 1

Answer:

The exercise is attached.

Explanation:

On June 1, Baby Raising Magazine collected cash of $63,000 on future annual subscriptions starting on July t 1. Journalize the transaction to record the collection of cash on June 1 2. Joumalire the transaction requieed at December 31, the magazine's year end, assuming no revene eamed has been recorded (Round adjystment to the nearest whole dolar)

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