Michael borrowed $8000 from Amanda to start a new business and, therefore, owes her that amount. Michael sells his car to Alan. Alan agrees to pay Kathy the $8000 that Michael owes her. In this scenario, Amanda is

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?