Part 2: Assume that Fabfit Enterprises collected $1,990,000 during 2023 for fitness magazines that will be delivered in future years. During 2024, Fabfit delivered magazines based on these subscriptions amounting to $1,875,000. Required: Prepare journal entry to show the effect on financial statements in 2023 and 2024 by these subscriptions. No 1 Date December 31, 202 General Journal Debit X Credit

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