Business, 08.07.2019 21:30 alyssasnyderrr

Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. in the explanation, use the following actual example: the new york times, a national newspaper, collects cash from subscribers in advance and later provides news content via print newspapers and online access to subscribers over a one-year period. explain what happens to the unearned revenue over the course of a year as the new york times delivers papers and online content to subscribers. into what account does the earned subscription revenue go as the new york times delivers papers and online content? give the journal entries that the new york times would make to (a) collect $ 85 comma 000 of subscription revenue in advance and (b) record earning $ 40 comma 000 of subscription revenue. include an explanation for each entry.

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Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. in the...

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