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On January 1, 2018 NOLA Business Journal received $450,000 for three-year subscriptions. The fiscal year-end is 12/31. What is journal entry to record receiving $450,000

On January 1, 2018 NOLA Business Journal received $450,000 for three-year subscriptions. The fiscal year-end is 12/31. What is journal entry to record receiving $450,000 for a three-year subscription?

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