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What entry is made in january to record the sale

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Problem 1: Bramble Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 88000 subscriptions in January at $20 each. What entry is made in January to record the sale of the subscriptions?

Subscriptions Receivable                                1760000

Subscription Revenue                                   1760000

Prepaid Subscriptions                                   1760000

Cash                                                         1760000

Cash                                                          1760000

Unearned Subscription Revenue                      1760000

Subscriptions Receivable                                300000

Unearned Subscription Revenue                       300000

Reference no: EM132472538

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