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B 5 points GENERAL JOURNAL Inside Magazine sold 12 month subscriptions of its new magazine...

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B 5 points GENERAL JOURNAL Inside Magazine sold 12 month subscriptions of its new magazine at a subscription rate of $20 for each subscription. Number of subscriptions sold by December 31, 2021 Date Account Title Debit Cr 600 INSTRUCTIONS: Prepare the journal entries to record the sale of the subscriptions on December 31, 2021 and the mailing of the first issue of the magazine on January 15, 2022

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