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Please provide journal entries with the explanation for the entries in the under the note section. ASAP On November 1, 2015, Lang Corporation, a magazine

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Please provide journal entries with the explanation for the entries in the under the note section. ASAP

On November 1, 2015, Lang Corporation, a magazine publisher, received $15,000 cash from customers for 1 -year subscriptions. Prepare a Journal entry to record the subscriptions on November 1, and the necessary Adjusting Entry on December 31,2015 , its fiscal year-end

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