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Question 9 of 20 Record this transaction: Keep You in the Know (KYK) magazine received $120,000 cash in annual subscriptions in December 2013. KYK is

Question 9 of 20 Record this transaction: Keep You in the Know (KYK) magazine received $120,000 cash in annual subscriptions in December 2013. KYK is a monthly publication and all of these subscriptions commence in January 2014. What entry should KYK make on December 31, 2013 to record the payments received for these subscriptions? *Accounts Amounts

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