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Identify the type of accrual/deferral of the following transactions buy supplies and set up as prepaid asset/supplies Magazine subscription for 36 months received from customer

  1. Identify the type of accrual/deferral of the following transactions
    • buy supplies and set up as prepaid asset/supplies
    • Magazine subscription for 36 months received from customer
    • Company uses hydro and water and has not yet been billed by the city
    • We have provided water and hydro to customers but have not yet sent out invoices

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