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Adjusting Entries:The following data were obtained from an analysis of the accounts of Co. A, as of March 31, 2008 in preparation of the annual report. Co. A records current transactions in nominal accounts. A.) Unearned Subscription Revenue has a balance of $56, 250. the following subscriptions were collected in the current year. There are no unexpired subscriptions.Effective Date Amount Term7/1/2007 27000 1 year10/1/2007 22200 1 year1/1/2008 28800 1 year4/1/2008 20700 1 year
What is the adjusting entry?Text indicates $ 3900.00.I am unable to get this fugure?
Journalize the entries to record the liquidation outlined below,using Assets as the account title for the non cash assets and Liabilities as the account title for all creditors' claims.
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