Moreno company publishes a monthly sports magazine, fishing preview. subscriptions to the magazine cost $20 per year. during november 2019, moreno sells 15,000 subscriptions beginning with the december issue. moreno prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. the company uses the accounts unearned subscription revenue and subscription revenue.

(a) prepare the entry in november for the receipt of the subscriptions
(b) prepare the adjusting entry at december 31, 2019, to record sales revenue recognized in december 2019.

Explanation:

The journal entries are shown below:

a. Cash A/c Dr $300,000        (15,000 × $20)

To Unearned Service revenue A/c $300,000

(Being unearned service revenue recorded)

b. Unearned Service revenue A/c Dr $25,000    (300,000 ÷ 12 month)

                To Service revenue A/c $25,000

(Being the adjusting entry for December month is recorded)

i think the answer would be b hope this

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.