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The Wall Street Journal sells a 1-year subscription for $60 on January 1st. What is...

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Accounting

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The Wall Street Journal sells a 1-year subscription for $60 on January 1st. What is the journal entry WSJ makes on January 1 st? Debit: Cash $60 Credit: Subscription revenue $60 Debit: Cash $60 Credit: Unearned revenue $60

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