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During December 2017, Markowitz Publishing Sold 4,500 12-Month Annual Magazine

Question 124

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During December 2017, Markowitz Publishing sold 4,500 12-month annual magazine subscriptions at a rate of $20 each. The first issues were mailed in February 2018. Prepare the entries on Markowitz's books to record the sale of the subscriptions and the mailing of the first issues.

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