Ask Question, Ask an Expert


Ask Accounting Basics Expert

Golf World Publications publishes golf magazine for women. Magazine sells for $3 a copy on newsstand. Yearly subscriptions to magazine cost $24 per year (12 issues). In December 2008, Golf World Publications sells 9,000 copies of golf magazine at newsstands and receives payment for 15,000 subscriptions for 2009. Financial statements are created monthly.


(a) Create December 2008 journal entries to record newsstand sales and subscriptions received.

(b) Create essential adjusting entry on January 31, 2009. January 2009 issue has been mailed to subscribers.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M921672

Have any Question? 

Related Questions in Accounting Basics

Accounting theory assignment-read the articles on study

Accounting Theory Assignment- Read the articles on study desk: Volkswagen The scandal explained Instructions This assignment is a research based essay where you are required to relate a practical example to accounting th ...

A taxpayer lives in michigan in a controversy with the irs

A taxpayer lives in Michigan. In a controversy with the IRS, the taxpayer loses at the trial court level. Describe the appeal procedure for each of the following trial courts. a. Small Cases Division of the Tax Court b. ...

Accounting concepts individual problem setshort answer

Accounting Concepts Individual Problem Set Short Answer Questions- 1. True or false? The entity concept tells us that we should not co-mingle resources of one entity with another entity's resources. Explain your answer. ...

Accounting theory assignment-international convergence of

Accounting Theory Assignment- International convergence of accounting standards is a major priority of both the International Accounting Standards Board (IASB) and the Australian Accounting Standards Board (AASB). The IA ...

Titania co sells p 400000 of 12 bonds on june 1 2010 the

Titania Co. sells P 400,000 of 12% bonds on June 1, 2010. The bonds pay interest or December 1 and June 1. The due date of the bonds is June 1, 2014. The bonds yield 10% On October 1, 2011, Titania buys back P 120,000 wo ...

Managerial accounting assignment task- group report

Managerial Accounting Assignment Task- Group Report: "Measuring Performance and Management Control Systems" - A study of Performance Measurement in Australian Public Companies. Outcomes- a) Analyse the roles of cost and ...

In recent years a number of companies have gone into

In recent years a number of companies have gone into liquidation (been ‘wound up') because they have not been able to meet their liabilities when they fell due. In Australia, there are some well-publicised examples such ...

Accounting questionsin the last module we discussed the

Accounting Questions: In the last module we discussed the reactive approach that can (and has been) taken by corporations to identify current fraudulent activities. The issue with this approach is that by the time corpor ...

Legal regulation of business structures assignment-

LEGAL REGULATION OF BUSINESS STRUCTURES ASSIGNMENT- QUESTION Dr Dawes declared personal bankruptcy on 28 February 2016 and he remains un-discharged.  He informed the board of GML (refer to the facts of this company in yo ...

Practice questionsdescribe the treatment of administration

Practice questions: Describe the treatment of administration, selling and distribution overheads in calculating total unit cost.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate