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Globe-Democrat newspapers sold 360 of annual subscriptions at $100 each on May 1. Prepare the journal entry at December 31 related to the annual subscriptions?

Globe-Democrat newspapers sold 360 of annual subscriptions at $100 each on May 1. Prepare the journal entry at December 31 related to the annual subscriptions? If no journal entry is required, write no entry required.

Place your final response (journal entry) first; then show your work and label your numbers

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