Subscriptions were originally recorded as liability

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Reference no: EM13866534

Better Publications, sold annual subscriptions to their magazine for $42,000 in December, 2013. The magazine is published monthly. The new subscribers received their first magazine in January, 2014. Collapse question part (a) What adjusting entry should be made in January if the subscriptions were originally recorded as a liability?

Reference no: EM13866534

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