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Oriole Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Oriole sells 6,600 subscriptions
Oriole Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Oriole sells 6,600 subscriptions for cash, beginning with the December issue. Oriole prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. (a) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) Date Account Titles and Explanation Nov. eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: unlimited Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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