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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…

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…
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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
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1 Answer

2 votes

Answer:

Step-by-step explanation:

Dr: Cash $450

Cr deferred income

User Charles Wesley
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