Vaughn Manufacturing typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 61600 subscriptions in...
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Vaughn Manufacturing typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine

sells 61600 subscriptions in January at $9 each. What entry is made in January to record the sale of the subscriptions?



a. Cash 554400

       Unearned Subscription Revenue 554400


b. Subscriptions Receivable 69300

       Unearned Subscription Revenue 69300


c. Prepaid Subscriptions 554400

       Cash 554400


d. Subscriptions Receivable 554400

       Subscription Revenue 554400

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