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Prepare grouper august journal entry

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Reference no: EM133117787

Question - Grouper Magazine sold 12,600 annual subscriptions on August 1, 2020, for $22 each. Prepare Grouper's August 1, 2020, journal entry and the December 31, 2020, annual adjusting entry, assuming the magazines are published and delivered monthly.

Reference no: EM133117787

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