Madson Company typically sells subscriptions on an annual basis and publishes six times a year.The magazine sells 90,000 subscriptions in January at $10 each.What entry is made in January to record the sale of the subscriptions? 
Definitions:
Covenants
Agreements or promises in a financial contract that certain activities will or will not be undertaken.
Dedicated Capital
Funds allocated specifically for a particular investment or project within a company.
Unsecured Debts
Financial obligations that are not backed by collateral, making them riskier for lenders and potentially resulting in higher interest rates for borrowers.
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