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what are the answers to this 3 part question? Cullumber Comparyy Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28
what are the answers to this 3 part question?
Cullumber Comparyy Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Cullumber sells 5,700 subscriptions for cash, boginning with the December issue. Cullumber prepares finarcial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. (a) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles ore outomatically indented when amount is entered, Do not indent manuolly Step by Step Solution
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