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Wangsgard Corporation publishes a monthly magazine for subscribers. The publication is delivered on the 10th day of each month. They received cash of $96,000 on
Wangsgard Corporation publishes a monthly magazine for subscribers. The publication is delivered on the 10th day of each month. They received cash of $96,000 on October 1, 2018 for one year's subscription in advance. On October 1, the company recorded the transaction with a credit to Subscription Revenue. The December 31, 2018 adjusting entry is
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