(Answered) Rodriguez sells subscriptions to several magazines for a

Accounting

Rodriguez sells subscriptions to several magazines for a 1-year, 2-year, or 3-year period. Cash receipts from subscribers are credited to magazine subscriptions collected in advance, and this account had a balance of $2,300,000 at December 31, 2008. Outstanding subscriptions at December 31, 2008, expire as follows.

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