On September 1, 2018, Fortune Magazine sold 780 one-year subscriptions for $85 each. The total...
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Accounting
On September 1, 2018, Fortune Magazine sold 780 one-year subscriptions for $85 each. The total amount received was credited to deferred subscriptions revenue. What is the required adjusting entry at December 31, 2018? Multiple Choice A. Deferred subscriptions revenue 44,200 Subscriptions revenue 44,200 B. Deferred subscriptions revenue 22,100 Subscriptions revenue 22,100 C. Deferred subscriptions revenue 22,100 Subscriptions payable 22,100
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