Question: Global Printing publishes several types of magazines Customers are required

Global Printing publishes several types of magazines. Customers are required to pay for magazines in advance. On November 5, Global receives cash of $120,000 for prepaid subscriptions. By the end of November, Global has distributed $20,000 of magazines to customers. Record the month-end adjusting entry.


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  • CreatedJuly 15, 2014
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