City News magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period. Give the adjusting entry that the company makes to record the earning of $55,000 of subscription revenue that was collected in advance on March 1, 2020 Include an explanation for the entry Record the entry, assuming that the uneared revenue account was initially used (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)