What would the journal entry be for this? Trapp Inc. sells 1,000 one-year subscriptions to be...

What would the journal entry be for this?

Trapp Inc. sells 1,000 one-year subscriptions to be earned over the next 12 months.

Customers paid $6,000 cash and were billed $6,000.

Expert Solution

Journal Entries
Date	Account Title and explanation	Debit	Credit

	Cash	$ 1,000
	To Revenue ($ 1,000 /12 months)		$ 83.33
	To Unearned Revenue		$ 916.67
	(to Record the sell one year revenue subscription)


	Cash	$ 6,000
	To Sales		$ 6,000
	(To record the cash Sales)

ekkarill92 answered 2 years ago

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