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Answer needed for Part C only Crane Company Ltd. publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $28 per year. During
Answer needed for Part C only Crane Company Ltd. publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2025 , Crane sells 12,300 subscriptions for cash, beginning with the December issue. Crane prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The compary has a December 31 year end. Prepare the adjusting entry at March 31. 2026, to record subscription revenue in the first quarter of 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.)
Answer needed for Part C only
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