A Company Received $5,000 for 100 One-Year Subscriptions on July

question 45

Essay

A company received $5,000 for 100 one-year subscriptions on July 1.The journal entry to record this cash receipt would include a:
A) debit to Unearned revenue.
B) debit to Prepaid expenses.
C) credit to Unearned revenue.
D) credit to Cash.

• A) debit to Unearned revenue.
• B) debit to Prepaid expenses.
• C) credit to Unearned revenue.
• D) credit to Cash.

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Definitions:

Estimated Dose

A calculation of the amount of a substance, such as medication, believed to be required for a specific treatment.

Mg

An abbreviation for milligrams, a unit of mass equal to one thousandth of a gram.

Drug Concentration

The amount of a substance (drug) present in a specific volume of solution, important in dosing and pharmacokinetics.

Estimated Dose

A calculated approximation of the amount of a substance or medication to be administered.