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mario: work in a company that has begun selling annual subscriptions to its new online magazi ember, the company sold the first subscriptions, receiving $600,000,
mario: work in a company that has begun selling annual subscriptions to its new online magazi ember, the company sold the first subscriptions, receiving $600,000, which represents nues from all sources for the year. The entire amount has been collected in cash. As the ear approaches, you notice that the company recorded the entire $600,000 to revenu lan to make an adjusting entry. 3 wing this Memo Template , draft a memo to your supervisor, which explains the fo Che accounting error that has been made The effect this error will have on the financial statements dated at the end of Decembe The problems that might result The importance of fixing the error and what needs to be done to fix the error
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