Wellness,a Healthy Living Magazine,collected $516,000 in Subscription Revenue on May

question 42

Multiple Choice

Wellness,a healthy living magazine,collected $516,000 in subscription revenue on May 31.Each subscriber will receive an issue of the magazine in each of the next 12 months,beginning with the June issue.The company uses the accrual method of accounting.What is the balance in the Unearned Revenue account as of December 31?

• A) $215,000
• B) $301,000
• C) $516,000
• D) $387,000

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Definitions:

Powerful Computers

High-performance computing systems capable of processing and analyzing vast amounts of data at high speeds.

Networked Together

The state or process of connecting multiple computers, systems, or devices together to share resources, data, or communications.

External Computer Networks

Networks that extend beyond a single organization, allowing for data communication between external and internal networks.

CPU

Stands for Central Processing Unit, the primary component of a computer that performs the majority of processing inside a computer to carry out commands from the software.