Adjusting Entries:
The following data were obtained from an analysis of the accounts of Co. A, as of March 31, 2008 in preparation of the annual report. Co. A records current transactions in nominal accounts. A.) Unearned Subscription Revenue has a balance of $56, 250. the following subscriptions were collected in the current year. There are no unexpired subscriptions.
Effective Date Amount Term
7/1/2007 27000 1 year
10/1/2007 22200 1 year
1/1/2008 28800 1 year
4/1/2008 20700 1 year
What is the adjusting entry?
Text indicates $ 3900.00.
I am unable to get this fugure?