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Newtown Metro sold 8, 400 annual subscriptions on October 1, 2017 for $23 each. Prepare Newtown's October 1, 2017 journal entry and the December 31,

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Newtown Metro sold 8, 400 annual subscriptions on October 1, 2017 for $23 each. Prepare Newtown's October 1, 2017 journal entry and the December 31, 2017 annual adjusting entry, assuming the magazines are published and delivered monthly

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