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What is appropriate accounting entry to record the receipt

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Question - The Wellington Regional Orchestra offers subscriptions to their performances at a heavily discounted rate if subscription tickets for 2020 are paid for online and purchased by Dec 1st 2019.

What is the appropriate accounting entry to record the receipt of the $450,000 of subscription monies on December 1st 2019 received from subscriptions to the six 2020 concerts offered between May and November 2020?

Reference no: EM132572935

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