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Question 5 (1 point) Madson Company typically sells subscriptions on an annual basis, and publishes...

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Question 5 (1 point) Madson Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 90,000 subscriptions in January at $10 each. Recording the sale of the subscriptions involves a(n) Increase to Subscriptions Receivable and an increase to Subscription Revenue for $900,000. Increase to Cash and an increase to Unearned Subscription Revenue for $900,000 Increase to Subscriptions Receivable and an increase to Unearned Subscription Revenue for $150,000. Increase to Prepaid Subscriptions and a decrease to Cash for $900,000

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