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Calculate what the balances will be in the unearned magazine

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Reference no: EM13511929

Softball Magazine Company received advance payments of $5,000 from customers during 2009. At December 31, 2009, $1,200 of the advance payments still had not been earned.

Required:

After the adjustments are recorded and posted at December 31, 2009, calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts?

Reference no: EM13511929

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