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Our company is a magazine publisher. We print 12 issues of the magazine per year, one per month. We do financial statements monthly, and our
Our company is a magazine publisher. We print 12 issues of the magazine per year, one per month. We do financial statements monthly, and our fiscal year ends December 31. Make the journal entries for these events: Jan 1. Sold annual subscriptions to our magazine for $ 420,000 cash Jan 31. We made the related adjusting entry Jan Jan 31
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