Nationwide Magazine Sells 60,000 Subscriptions in March at $15 Each

question 126

Multiple Choice

Nationwide Magazine sells 60,000 subscriptions in March at $15 each. The entry is made in March to record the sale of the subscriptions would include a:

• A) debit to subscriptions receivable for $900,000.
• B) debit to prepaid subscriptions for $900,000
• C) credit to cash for $900,000.
• D) credit to unearned subscription revenue for $900,000.

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Definitions:

Cranial Nerves

Twelve pairs of nerves that originate in the brain and serve critical functions in the head and neck, including sensory and motor activities.

Peripheral Nervous System

The portion of the nervous system that lies outside the brain and spinal cord, including nerves that connect the central nervous system to limbs and organs.

Nissl Bodies

Granular structures found in the cytoplasm of neuronal cells, involved in protein synthesis.

Cytoplasm

The material or protoplasm within a living cell, excluding the nucleus, containing various organelles where the cell's metabolic processes occur.