The answer is option A. a. Cash 900,000 Unearned
Subscription Revenue 900,000
On the part of the seller, the sale of 60,000
Magazines at $15 constitute liability.
Remember that cash has already been received by the company.
Hence, this amount is yet to be earned by the company that it is considered liability on the part of the seller.
Account Title Debit Credit
Cash 60,000 subscriptions * $15 $900,000
Unearned Subscription Revenue $900,000
Take note that the unearned subscription revenue is amortized to subscription revenue on a monthly or yearly basis.
Disclaimer:-your question is incomplete, please see below for complete question.
a. Cash 900,000 Unearned
Subscription Revenue 900,000
b. Prepaid Subscriptions 900,000
Cash 900,000 Subscriptions
c. Receivable 150,000
Unearned Subscription Revenue 150,000
d. Subscriptions Receivable 900,000
Subscription Revenue 900,000
Learn more about subscriptions here:-brainly.com/question/15301858
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