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1 points Save Answer On January 1, Al Dana Company received $2,560 from Capital, Inc. for 24-month subscription to Arab magazine. The company credited Unearned
1 points Save Answer On January 1, Al Dana Company received $2,560 from Capital, Inc. for 24-month subscription to Arab magazine. The company credited Unearned Fees for the amount received and the subscriptions started immediately Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Al Dana Company on December 31 for the first year? O debit Unearned fees, $1,280, credit Fees eamed, $1,280 Odebit Unearned fees, $2,560 credit Fees earned, $2.560 debit Fees earned, $1,820, credit Cash, $1,820 debit Unearned fees, $107, credit Account receivable, $107
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