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On November 1, 2020 Sparky Co. magazine sold one-year subscriptions in advance, collecting a total...

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Accounting

On November 1, 2020 Sparky Co. magazine sold one-year subscriptions in advance, collecting a total of $37500 upfront. What is the amount credited to Unearned Revenue on November 1? What is the required journal entry at the end of the month?

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