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About Chap 9 Lecture Notes 2022 - Student Ver
Here is how I would solve this example step-by-step: 1) We received cash in advance of £2,380, so we debit Cash and credit Unearned Revenues 2) On 30/6/x6, we recognize the annual subscription income of £2,380 for the period, so we debit Subscription Income and credit Unearned Revenues 3) During the year, members pay their annual subscriptions. We debit Cash and credit Subscription Receivables for the amounts received 4) On 30/6/x7, we recognize the annual subscription income for the period, debiting Subscription Income and crediting Subscription Receivables 5) Any members in arrears on 30/6/x
Detailed Information
| Author: | ['Thương Đỗ'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 30 |
| Language: | English |
| Format: | |
| Price: | FREE |
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