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On August 28,2024 , an online subscription service provider received a total of $41,760 in cash from 480 customers for one-year subscriptions. The subscriptions begin

On August 28,2024 , an online subscription service provider received a total of $41,760 in cash from 480 customers for one-year subscriptions. The subscriptions begin in September. On receipt of the cash, the company recorded a liability, deferred subscription revenue. What is the required adjusting entry on December 31, 2024 ? Multiple Choice

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