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Millard Publishing receives payments in advance for its magazine subscriptions and records these payments as Unearned Subscription Revenue. Millard started the year with a balance
Millard Publishing receives payments in advance for its magazine subscriptions and records these payments as Unearned Subscription Revenue. Millard started the year with a balance of $358,000 in the Unearned Subscription Revenue account and ended the year with a balance of $428,000. If Millard collected $900,000 for subscription in advance during the year, how much revenue did Millard recognize from subscriptions?
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
