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Mathematics, 04.05.2020 23:30 marsay24
Mantle Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on
the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December
2019. Mantle Publications sells 4,000 copies of the golf magazine at newsstands and receives
payment for 6,000 subscriptions for 2020. Financial statements are prepared monthly.
Instructions
(a) Prepare the December 2019 journal entries to record the newsstand sales and subscriptions
received
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