On march 31 2009 phoenix inc. paid melanie publishing, Ask an Expert

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On March 31, 2009, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What is the adjusting entry that should be recorded by Melanie Publishing Company on December 31, 2009 if the credit to record the collection was made to Unearned Fees?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9100412

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