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Parenting Magazine sells 10,000 subscriptions for cash on November 1. The subscription price is $20 each. The subscriptions start on November 1, and run

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Parenting Magazine sells 10,000 subscriptions for cash on November 1. The subscription price is $20 each. The subscriptions start on November 1, and run for 4 months. Prepare the journal entries for November 1 and the adjusting entry at December 31. Omit explanations.

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