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XYZ Publishers sell magazine subscriptions. The subscriptions are for 12 months from 1 January. On 1 January 2016 XYZ Publishers received $24,000 in annual subscription

XYZ Publishers sell magazine subscriptions. The subscriptions are for 12 months from 1 January. On 1 January 2016 XYZ Publishers received $24,000 in annual subscription revenue. XYZ Publisher's financial year end is 30 June. What is the type of balance day adjustment and the amount adjusted at 30 June 2016?

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