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Current Attempt in Progress Crane Magazine sold 14,400 annual subscriptions on August 1, 2020, for $20 each. Prepare Crane's August 1, 2020, journal entry

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Current Attempt in Progress Crane Magazine sold 14,400 annual subscriptions on August 1, 2020, for $20 each. Prepare Crane's August 1, 2020, journal entry and the December 31, 2020, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date 8/1/20 12/31/20 Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Attempts: 0 of 3 used Submit Answer

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