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What is the required adjusting entry at december

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Reference no: EM132203915

SuMan Magazine Publishing Company sells magazine subscriptions on an annual basis covering 12 issues. Subscriptions totaling $36,000 were collected on June 1, 2012 and the total amount collected was recorded in a temporary account. The monthly magazines were delivered in June through December. What is the required adjusting entry at December 31, 2012?

Reference no: EM132203915

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