Concord Magazine sold $11,280$ annual subscriptions on August $1,2025,$ for $$20$ each. Prepare Concord's August $1,2025,$ journal entry and the December $31,2025,$ annual adjusting entry, assuming the magazines are published and delivered monthly. $($If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit