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The publisher of Accounting View, a monthly magazine, received 9 , 7 6 8 cash on January 1 for new subscriptions covering the next 2

The publisher of Accounting View, a monthly magazine, received 9,768 cash on January 1 for new subscriptions covering the next 24 months, with service beginning immediately. (a) Use the financial statement effects template to record the receipt of the $9,768,(b) Use the template to show how the accounts should be adjusted at the end of January before financial statements are prepared for the current month.

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