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Sit Down Publishers publishes The Accountant magazine and sells one - year ddsubscriptions to its customers. Customers are required to pay in full for the

Sit Down Publishers publishes The Accountant magazine and sells one-year ddsubscriptions to its customers. Customers are required to pay in full for the one-year subscription at the beginning of the subscription period and then each month, customers receive The Accountant magazine. On November 1,2019, Sit Down receives a total of $21,000 in cash from customers for one-year subscriptions, covering the period of 11/1/201910/31/2020. How much Subscription Revenue should the company recognize for the period ended December 31,2019? Assume the company uses an annual accounting period and makes all adjusting entries on December 31st.

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