#6. Better Publications, sold annual subscriptions to their magazine for $42,000 in December, 2016. The magazine is published monthly. The new subscribers received their first magazine in January, 2017.   1.)What adjusting entry should be made in January if the subscriptions were originally recorded as a liability?   2.)What amount will be reported on the January 2017 balance sheet for Unearned Subscription Revenue?

Vikrambhai

Marin Ltd. started the year with a balance owing from Stratford Inc. of $31,200. After several phone calls, on Feb. 1, 2025, Stratford offered to sign a 5% note for the balance owing. The note is due May 1, 2025. Marin has a calendar year end and adjusts its accounts monthly. On May 5, Marin Ltd. was notified that Stratford Inc. went bankrupt and would not be paying off its debts.Required: Prepare all journal entries and month-end adjusting entries from Feb. 1, 2025 to May 5, 2025 for Marin Ltd.

Required Information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $45 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 180 one-year subscriptions and received payments in advance from all new subscribers. Only 72 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Required: a-1. Use the horizontal model to record the effects of subscription fees received in advance during August 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Assets Liabilities a-2. Use the horizontal model to record the effects of subscription revenue earned during August 2019.…