a. Tao Co. receives $11,800 cash in advance for four months of legal services on October 1, 2017, and records it by debiting Cash and crediting Unearned Revenue both for $11,800. It is now December 31, 2017, and Tao has provided legal services as planned. What adjusting entry should Tao make to account for the work performed from October 1 through December 31, 2017? Unearned revenue Step 1: Determine what the current account balance equals. 4 Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. b. A. Caden started a new publication called Contest News. Its subscribers pay $44 to receive 12 monthly issues. With every new subscriber, Caden debits Cash and credits Unearned Subscription Revenue for the amounts received. The company has 100 now subscribers as of July 1, 2017. It sends Contest News to each of these subscribers every month from July through December. Assume no changes in subscribers, prepare the journal entry that Caden must make as of December 31, 2017 to adjust the Subscription Revenue account and the Unearned Subscription Revenue account Unearned subscription revenue Step 1: Determine what the current account balance oquals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2