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During December 2011, Markowitz Publishing sold 2,500 12-month annual magazine subscriptions at a rate of $30 each

Accounting

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During December 2011, Markowitz Publishing sold 2,500 12-month annual magazine subscriptions at a rate of $30 each. The first issues were mailed in February 2012. Prepare the entries on Markowitz’s books to record the sale of the subscriptions and the mailing of the first issues.