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Sunland Magazine sold 11,040 annual subscriptions on August 1, 2020, for $14 each. Prepare Sunlands August 1, 2020, journal entry and the December 31, 2020,
Sunland Magazine sold 11,040 annual subscriptions on August 1, 2020, for $14 each. Prepare Sunlands August 1, 2020, journal entry and the December 31, 2020, annual adjusting entry, assuming the magazines are published and delivered monthly
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