BusinessWeek sells magazine subscriptions in advance of their distribution. (a) What journal entry would the company make

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BusinessWeek sells magazine subscriptions in advance of their distribution.
(a) What journal entry would the company make at the time it sells subscriptions?
(b) What journal entry would the company make each time it distributes a magazine?
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Related Book For  answer-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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