Register
In December 2020, Quebecor Printing received magazine subscriptions for 2021 from customers, who paid $450 in cash. What would be the appropriate journal entry for this event in December 2020?
51.7k views
2 votes
In December 2020, Quebecor Printing received magazine subscriptions for 2021 from customers, who paid $450 in cash. What would be the appropriate journal entry for this event in December 2020?

User Ngruson
by
9.3k points

1 Answer

2 votes

Answer:

Step-by-step explanation:

Dr: Cash $450

Cr deferred income

User Charles Wesley
by
7.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!