Accounting for Subscriptions (Alternate is 4-41.) A French magazine company collects subscriptions in advance of delivery of its magazines. However, many magazines are delivered to magazine distributors (for newsstand sales), and these distributors are billed and pay later. The subscription revenue earned for the month of March on the accrual basis was 200,000 (e refers to the Euro). Other pertinent data were as follows: March 31 1 Unearned subscription revenue Accounts receivable 190,000 7,000 140,000 9,000 Prepare journal entries and post to T-accounts for the following: 1. Collections of unearned subscription revenue of 140,000 prior to March 1. 2. Billing of accounts receivable

(a) of 9,000 prior to March 1, and

(b) of 80,000 during March (credit Revenue Earned). 3. Collections of cash during March and any other entries that are indicated by the given data.