6. Shiena Mortel started a new publication called The Good News. On May 1, a subscriber paid P1,200 for 12 monthly issues which Mortel credited to Advances from Subscribers upon receipt of cash. She sends magazines to cach of these subscribers every month from January through December Instruction: Make two entries a) to record the collection on May 1 and b) to record the adjustment at the end of December 6. Shiena Mortel started a new publication called The Good News. On May 1, a subscriber paid P1,200 for 12 monthly issues which Mortel credited to Advances from Subscribers upon receipt of cash. She sends magazines to cach of these subscribers every month from January through December Instruction: Make two entries a) to record the collection on May 1 and b) to record the adjustment at the end of December