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1__On Sepember 1, 2021, Forne Magaine sold 480 one-ear sbscripions for $72 each. The oal amon receied as credied o Deferred sbscripion reene. Wha is

1__On Sepember 1, 2021, Forne Magaine sold 480 one-ear sbscripions for $72 each. The oal amon receied as credied o Deferred sbscripion reene. Wha is he reqired adjsing enr a December 31, 2021?

A)DR: Deferred sbscripion reene 11,520 CR:Sbscripion paable 11,520

B)DR: Deferred sbscripion reene 23,040 CR: Sbscripion reene 23,040

C)DR: Deferred sbscripion reene 11,520 CR: Sbscripion reene 11,520

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