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Wk 5 Chapter 8 Accounting

Wk 5 Chapter 8 Accounting - Tara Anderson 8-24 a No entry b...

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Tara Anderson 8-24 a) No entry b) No entry c) Cost of Goods Sold 145,000 Inventory 145,000 d) No entry
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8-26 Name: Tara Anderson To enter the journal entries, enter the appropriate account titles in the shaded cells in columns C and D, and the appropriate amounts in the shaded cells in columns G and I. 1) Journal Entries Cash 4,000,000 Customers' Refundable Fees 800,000 Unearned Subscriber Fees 3,200,000 Deferred Initial Subscriber Costs 640,000 Administrative Expense 160,000 Cash 800,000 2) Unearned Subscriber Fees 800,000 Subscriber Fee Revenue 800,000 Initial Setup Expenses 160,000 Deferred Initial Subscriber Costs 160,000 Cost of Subscriber Fee Revenue 320,000 Administrative Expense 80,000 Cash 400,000 3) Unearned Subscriber Fees 800,000 Subscriber Fee Revenue 800,000 Initial Setup Expenses 160,000 Deferred Initial Subscriber Costs 160,000 Cost of Subscriber Fee Revenue 320,000 Administrative Expense 80,000 Cash 400,000 4) Unearned Subscriber Fees 800,000 Subscriber Fee Revenue 800,000 Initial Setup Expenses 160,000 Deferred Initial Subscriber Costs 160,000 Cost of Subscriber Fee Revenue 320,000 Administrative Expense 80,000 Cash 400,000 5) Unearned Subscriber Fees 800,000 Subscriber Fee Revenue 800,000 Initial Setup Expenses 160,000 Deferred Initial Subscriber Costs 160,000 Cost of Subscriber Fee Revenue 320,000 Administrative Expense 80,000 Cash 400,000 Customers' Refundable Fees 760,000 Cash 760,000 Customers' Refundable Fees 40,000 Subscriber Fee Revenue 40,000
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