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Homework: Week Two EXereises Score: 0 of 1 pt S3-9 (similar to) 5 of 19 (3 complete) Nightlife Magazine collects cash from subscribers in advance

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Homework: Week Two EXereises Score: 0 of 1 pt S3-9 (similar to) 5 of 19 (3 complete) Nightlife Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period. Read the requirements. Requirement 1. Record the journal entry to record the original receipt of $100,000 cash. (Record debits first, then credits. Select the explanation on the la Date Accounts and Explanation Debit Credit 1000,000 Cash Unearned Subscription Revenue Subscription Payable 1000,000 2 Clear A

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