Use the Following Information for Questions

question 106

Multiple Choice

Use the following information for questions
Ski Quarterly typically sells subscriptions on an annual basis, and publishes four times a year in January, April, July and October.The magazine sells 70,000 subscriptions in January at CHF16 each.
-If Ski Quarterly publishes a quarterly financial statement at March 31, the adjusting journal entry to recognize revenue earned will include:

• A)a debit to Cash for CHF373,333.
• B)a debit to Subscription Revenue for CHF373,333
• C)a debit to Unearned Subscription Revenue for CHF280,000.
• D)a credit to Prepaid Subscriptions for CHF280,000.

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Definitions:

Intellectual Disability

A developmental disorder characterized by significant limitations in both intellectual functioning and adaptive behavior, which covers many everyday social and practical skills.

Elimination Disorders

Psychiatric conditions typically diagnosed in childhood, involving problems with the control of urination or defecation that are not due to medical conditions.

Physical Appearance

The outward look or aspects of an individual or object, including features, attributes, and expressions visible to others.

Parents Anonymous

A support organization offering programs and resources for parents aiming to strengthen their families and prevent child abuse through mutual support.