A publisher received $50 for a magazine subscription in 2011. In 2012, when the magazines are delivered,
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A publisher received $50 for a magazine subscription in 2011. In 2012, when the magazines are delivered, the publisher recognizes the $50 revenue and records a corresponding decrease in the liability account, Advances from Customers.
Write the names of the accounts and the amounts for the entry that should be made in 2012.
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