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Workout Company runs a chain of health clubs. Most customers pay $60 in advance...

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Accounting

Workout Company runs a chain of health clubs. Most customers pay $60 in advance for a year-long membership, but customers can also pay as they go, by paying $5 per workout every time they visit one of the clubs. Give Workouts journal entries for the following situations.

Six customers visit health clubs under the pay as you go program.

Two customers pay in advance for year-long memberships.

Four customers each use up 7 months of their year-long memberships (make adjusting entry).

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