Annual subscriptions are 12 months and if payments are received in advance, the amounts are posted to a revenue account. On August 1st, A Company received $72,000 for an annual subscription. The revenues was earned uniformly over the subscription period. On date of receipt, the company recorded an increase to subscription revenues and cash for $72,000. On December 1st, the company received an additional $108,000 for annual subscriptions to be earned uniformly over the subscription period. On December 31st, the adjusting journal entry related to the subscription would include O Subscription Revenues Unearned Revenues Subscription Revenues Unearned Revenues Subscription Revenues Unearned Revenues Unearned Revenues Subscription Revenues none of these entries are correct $180,000 $39,000 $141,000 $141,000 $180,000 $39,000 $141,000 $141,000
