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:

Ancestors

Individuals from whom one is descended, often considered in the context of family lineage or evolutionary history.

Cultural Context

The set of social, historical, and cultural factors and norms that influence individuals' behaviors, perceptions, and interpretations of their environment.

Orthodox Jewish Law

A body of religious commandments, traditions, and interpretations prescribed in the Torah and Talmud, guiding the life and practices of Orthodox Jews.

Cremation

The process of burning a deceased body, reducing it to ashes, as an alternative to burial in some cultures and religions.