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A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will be mailed to customers. When the company mails
A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will be mailed to customers. When the company mails the first quarterly journal to customers, it should record: Group of answer choices Debit Cash $11,250, credit Revenue $11,250. Debit Unearned Revenue $11,250, credit Revenue $11,250. Debit Prepaid Subscriptions $11,250, credit Revenue $11,250. Debit Unearned Revenue $45,000; credit Cash $45,000. Debit Prepaid Subscriptions $33,750; credit Unearned Revenue $33,750
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