Accounts payable Accounts receivable Cash Subscription revenue Unearned subscription revenue Secrets of the Nature, Inc., an outdoor magazine, collected $4,500 on August 1 for one-year subscriptions from subscribers in advance. Journalize and post the adjusting entry on December 31 to record the revenue that Secrets of the Nature, Inc. has earned, assuming no other adjusting entries have been made for the year. Compute the balances of the two accounts involved. Journalize the adjusting entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit 31 Dec Subscription revenue