Amagazine company's unearned revenue account had a balance of $12,700 on january 1, 2013. on december 31, 2013, as part of the adjusting entry, they recognized subscription revenue of $14,800. the december 31, 2013 balance of the unearned revenue account was $12,300. what must have been the amount of cash received by the magazine company as advance payments from customers during the year 2013

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

answer; i believe the correct answer is (sales promotion;