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Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60,600 in cash f
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Answer #1

Adjusting journal entry on Dec 31 is :

Account Titles Debit Credit
Unearned Subscription $15,150
   Subscription Revenue $15,150

Revenue earned = $60,600 * 3/12 = $15,150

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