The Reader’s Digest Associatio

The Reader’s Digest Association, Inc. , one of the largest publishers of magazines in the world, had unearned revenues of $340.4 million on its March 31, 2012, balance sheet. The company showed $244.6 million as a current liability and $95.8 million was reported as long term. Suppose that during April, Reader’s Digest delivered magazines with a sales value of $30 million to prepaid subscribers and sold subscriptions for $35 million cash.
1. Prepare journal entries for the new subscriptions and the deliveries to prepaid subscribers.
2. Compute the amount in the unearned revenue account at the end of April 2012.


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.