When a magazine company collects cash for selling a subscription, it is an example of: Multiple Choice An accrued liability transaction. An accrued receivable transaction.

An accrued liability transaction.

Explanation:

The subscription is collected in advance and thus forms a liability to the company. Revenue is not recognized at the point of cash collection until the magazines have been supplied. Hence the cash collected is deferred in terms of revenue recognition.

This forms an accrued liability known as deferred or unearned subscription revenue.

Debit Cash, credit deferred revenue are the entries required.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; institution;