Northern magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a​ one-year period.
a. record the journal entry to record the original receipt of $150,000 cash.
b. record the adjusting entry that southern magazine makes to record earning $ 9,000 in subscription revenue that was collected in advance.

The Journal entries are as follows:

(a) Cash A/c   Dr. $150,000

To subscriber A/c                 $150,000

(To record the original receipt of $150,000 cash)

(b) Subscriber A/c    Dr. $9,000

To Revenue from magazine A/c    $9,000

(To record the earning $ 9,000 in subscription revenue that was collected in advance)

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?