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need help please, can you explain me details Question 09: On July 1, Owl magazine collected cash of $5,000 for annual subscriptions in advance (12

need help please, can you explain me details
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Question 09: On July 1, Owl magazine collected cash of $5,000 for annual subscriptions in advance (12 issues per year) starting on August 1. Required Journalize the transaction to record the collection of cash on July 1 and the transaction required at December 31 (6 months have passed). (4 marks)

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