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Sheffield Company publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2022 , 5heffield sells 24,000 subscriptions

Sheffield Company publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2022 , 5heffield sells 24,000 subscriptions beginning with the December issue. Sheffild 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. (a) Prepare the entry in November

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