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Novak Corp. typically sells subscriptions on an annual basis, and publishes 8 times a year....

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Accounting

Novak Corp. typically sells subscriptions on an annual basis, and publishes 8 times a year. The magazine sells 73600 subscriptions in January at $12 each. What entry is made in January to record the sale of the subscriptions?

Subscriptions Receivable 110400
Unearned Subscription Revenue 110400
Subscriptions Receivable 883200
Subscription Revenue 883200
Cash 883200
Unearned Subscription Revenue 883200
Prepaid Subscriptions 883200
Cash 883200

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