answer part "B"

Crane Company Ltd, publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine coss $28 per year. During November 2025 , Crane sells 12,300 subseriptions for cash, beginning with the December issue. Crane prepares financial statements hivarterly and recognizes subscription . revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. (a) Your answer is carrect. Prepare the entryin November for the receipt of the subscriptions, (List oll debit entries before credit entries, Credit account tities are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titins and enter 0 for the amounts.) Prepare the adjusting entry at December 31, 2025, to record subscription revenue in December 2025. (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 O for the amounts.)