Model Maker sold 6,000 one-year prepaid subscriptions to its monthly magazine for $40 per subscription.The subscription year runs from September to August.What is the December 31 adjusting entry for subscription revenue?
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Question

Model Maker sold 6,000 one-year prepaid subscriptions to its monthly magazine for $40 per subscription.The subscription year runs from September to August.What is the December 31 adjusting entry for subscription revenue?
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Quizplus · Accepted Answer

The Answer of Model Maker sold 6,000 one-year prepaid subscriptions to its monthly magazine for $40 per subscription.The subscription year runs from September to August.What is the December 31 adjusting entry for subscription revenue?
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Model Maker Sold 6,000 One-Year Prepaid Subscriptions to Its Monthly \begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline\end{array}​​​​

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