C. Deferred revenuessubscription fees Tremblay Inc. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $72 in advance for a one-year subscription. During the month of April 2018, Tremblay Inc. sold 160 one-year subscriptions and received payments in advance from all new subscribers. Only 85 of the new subscribers paid their fees in time to receive the April newsletter. The other subscribers received the newsletter in May. Required: Prepare journal entries to record the subscription fees received in advance during April 2018, and the related adjusting entry to recognize the subscription revenue earned during April 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the receipt of one-year subscriptions from 160 customers. Note: Enter debits before credits. General Journal Debit Credit Date April, 2018 Record entry Clear entry View general journal