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A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include a ________. the company uses a liability account …

A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include a ________. the company uses a liability account …
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A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include a ________. the company uses a liability account for revenue received in advance.

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User Mozart
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2 votes

Answer:

$ 5000 credit to unearned revenue

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User Draw
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A credit to Unearned Revenue for $5,000

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User Jacob Ford
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