1 On Aurs 0.2021, Remer Publishing Co. collected 5 1,026 Cash for a year subscription to a monthly magarine, Investor's stock and Blond Amory 2 The first issue will be mailed to subscribers in December, 2021 3 4 Required: 5 Write a brief report covering the following for this situation: 6 tal When revenue should be recognized. 12 marks] 7. [b] Any entry that should be made on the transaction date. 13 marks 8 cl An explanation of the reasoning for your respones to requirements and[b]. [3 marks) 9 10