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Revaluation Magazine Receives $90 in Advance from a Customer for a 3-Year

Question 53

Multiple Choice

Revaluation Magazine receives $90 in advance from a customer for a 3-year subscription.Revaluation Magazine's entry to record this transaction would include:


A) debit to Unearned Subscription Revenue for $90
B) credit to Unearned Subscription Revenue for $90
C) debit to Subscription Revenue for $90
D) credit to Subscription Revenue for $90

Correct Answer:

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