Business, 12.03.2020 04:28 jonathankingsberry52

On April 1, Garcia Publishing Company received $24,480 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year?

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On April 1, Garcia Publishing Company received $24,480 from Otisco, Inc. for 36-month subscriptions...

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