How to uses the accounts unearned subscriptions, Accounting Basics

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How to uses the accounts unearned subscriptions

Guyer Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2010, Guyer sells 12,000 subscriptions beginning with the December issue. Guyer prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter. The company uses the accounts Unearned Subscriptions and Subscription Revenue.

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Accounting Basics: How to uses the accounts unearned subscriptions

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Accounting Basics: How to uses the accounts unearned subscriptions

Reference No:- TGS0711689

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Recent Questions Asked Accounting Basics

Q : Explain the transactions involving capital assets

Q : Calculation of net income from the change in stockholders

Q : Explain the activity index actual overhead costs

Q : The predetermined overhead rate for weed-b-gone

Q : How to uses the accounts unearned subscriptions

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Q : What circumstances may an auditor express

Q : How the del spencers has developed

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to uses the accounts unearned subscriptions

Reference No:- TGS0711689

Recent Questions Asked Accounting Basics

Q : Explain the transactions involving capital assets

Q : Calculation of net income from the change in stockholders

Q : Explain the activity index actual overhead costs

Q : The predetermined overhead rate for weed-b-gone

Q : How to uses the accounts unearned subscriptions

Q : Which the team owner wishes to avoid

Q : What circumstances may an auditor express

Q : How the del spencers has developed

Q : Smith and jones each own tracts

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