• A company received $5,000 for 100 one-year subscriptions on July 1. The journal entry to record this cash receipt would include a ________. The company uses a liability account for revenue received in advance.

(a) credit to Accounts Payable for $5,000

(b) debit to Prepaid Expenses for $5,000

(c) credit to Unearned Revenue for $5,000

(d) debit to Note Payable for $5,000