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Posted on Jul 31, 2024

In December 2 0 2 1 , Quebec Printing received $ 5 0 0 cash from customers, in advance, for magazine subscriptions to be delivered

In December

2021,

Quebec Printing received $

500

cash from customers, in advance, for magazine subscriptions to be delivered in

2022 .

What would be the appropriate journal entry for the December

2021

transaction?

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