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Business, 16.02.2022 07:00 uhhgray

On April 1, Garcia Publishing Company received $18,180 from Otisco, Incorporated for 36-month subscriptions to several different magazines. The company credited Unearned Revenue for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year

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On April 1, Garcia Publishing Company received $18,180 from Otisco, Incorporated for 36-month subscr...

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