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8. On May 1, Charlie Co. sold 12,000 yearly subscriptions of its monthly magazine to customers for $40 each. On June 1, customers received their

8. On May 1, Charlie Co. sold 12,000 yearly subscriptions of its monthly magazine to customers for $40 each. On June 1, customers received their first subscription of the magazine. Prepare the journal entries for May 1 and June 1

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