If a Company Has Advance Subscription Sales Totaling $45,000 for the Upcoming

question 34

Multiple Choice

If a company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to customers,the receipt of cash would be journalized as:

• A)Debit Cash $45,000;credit Unearned Revenue $45,000.
• B)Debit Unearned Revenue $45,000;credit Sales $45,000.
• C)Debit Cash $45,000,credit Sales $45,000.
• D)Debit Sales $45,000,credit Unearned Revenue $45,000.
• E)Debit Prepaid Subscriptions $45,000,credit Sales $45,000.

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Definitions:

White Blood Cells

Cells of the immune system that are involved in protecting the body against both infectious disease and foreign invaders.

Thromboplastin

A protein essential for blood clotting, facilitating the conversion of prothrombin to thrombin.

Clotting Pathway

A series of biochemical events, involving coagulation factors, that stop bleeding by forming a clot.

Blood Type

A classification of blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells, which can affect blood transfusions and organ transplantation.