A load fund comes with many additional charges attached to it. There could possibly be a sales commission, sales charge, annual distribution fees and deferred sales charge just to mention a few.

Debit Cash

Credit Deferred (or unearned) Revenue - Subscription Sales

As the subscriptions are fulfilled - if the total amount of a subscription for 12 (monthly) magazines is 120.00 then each month:

Debit Deferred Revenue - Subscription Sales for 10.00

Credit Subscription Sales for 10.00

(Deferred Revenue is a liability account)

If the charge is expunged, yes. In a deferred judgment, if you meet the terms of the deferment, the judge dismisses the charge, and there is no conviction.

federal income taxes on sales of traditional ira's

nothing