When a Magazine Company Receives Advance Payment for a Subscription

question 102

Multiple Choice

When a magazine company receives advance payment for a subscription, what is the required journal entry to be recorded?

• A) Cash - Debit; Unearned Subscriptions Revenue - Credit
• B) Prepaid Subscriptions - Debit; Cash - Credit
• C) Cash - Debit; Subscriptions Revenue - Credit
• D) Unearned Subscriptions Revenue - Debit; Cash - Credit

---

Definitions:

Critical Period

A specific time window in developmental psychology during which an organism is particularly susceptible to certain stimuli, which has lasting effects on future development.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, a concept developed in infancy.

Egocentrism

A cognitive bias that leads to difficulty in understanding or acknowledging the viewpoint of others, often seen in the early stages of childhood development.

Young Apprentices

Individuals, often minors, who are learning a trade or craft from a skilled employer, gaining practical experience while often receiving some form of education.