40.7k views
3 votes
In december 2017, quebecor printing received magazine subscriptions for 2018 from a customer, who paid $200 in cash. what would be the appropriate journal entry for this event?

User Vdelricco
by
5.8k points

1 Answer

5 votes

Debit Cash, $220; Credit Unearned Revenue, $220

User Bhavin Chauhan
by
5.5k points