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6 of 8 View Policies Show Attempt History Current Attempt in Progress 0.5/1 Blossom Publications publishes a golf magazine for women. The magazine sells for

image text in transcribedimage text in transcribed 6 of 8 View Policies Show Attempt History Current Attempt in Progress 0.5/1 Blossom Publications publishes a golf magazine for women. The magazine sells for $5.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $48 per year (12 issues). During December 2024, Blossom Publications sells 5,300 copies of the golf magazine at newsstands and receives payment for 7,300 subscriptions for 2025. Financial statements are prepared monthly. r 10 Question 6 of 8 (b) 0.5/1 Attempts: 1 of 3 u Prepare the necessary adjusting entry on January 31, 2025. The January 2025 issue has been mailed to subscribers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit

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