Respuesta :
Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.
Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..
By the end of December, how much Subscription revenue has been earned is $210,000
Given:
Based on the information given each of the subscriber will receive an issue of the magazine for each of the next 12 months starting with the June .
June to December=7 months
Subscription revenue=$360,000
Now let how much Subscription revenue has been earned
Subscription revenue=$360,000×7months/12 months
Subscription revenue=$210,000
Inconclusion By the end of December, how much Subscription revenue has been earned is $210,000.
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