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In December 2020, Quebecor Printing received magazine subscriptions for 2021 from customers, who paid $420 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 $420 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 $420 in cash. What would be the appropriate journal entry for this event in December 2020?

User Yngwaz
by
8.6k points

1 Answer

4 votes

Answer:

Debit cash $420

credit unearned revenue $420

good luck ❤

User Clete
by
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