Big Ten Magazine received cash subscriptions on August 1, 2021 in the amount of $3,600 for the next three years. Their year-end is December 31, 2021. Magazine delivery occurs monthly and started on August 1, 2021. These were the only subscription sales for the year. Answer the following questions for the year ended December 31, 2021. a. What is the original journal entry on August 1, 2021? b. What is the adjusting journal entry on December 31, 2021?

c. What amount of subscriptions revenue should be reported on the income statement?

d. What amount would be reported as unearned subscriptions revenue on the balance sheet as of December 31, 2021