Crane Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $15 per year. During November 2022, Crane sells 11,440 subscriptions for cash, beginning with the December issue. Crane prepares financial statements quarterly 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. Prepare a tabular summary to record the following events.

(a)		Receipt of the subscriptions in November.
(b)		Adjustment at December 31, 2022, to record subscription revenue in December 2022.

Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

	Assets	=	Liabilities	+	Stockholders Equity
					Pd. in Cap.		Retained Earnings
	Cash	=	Unearned Subscrip. Revenue	+	Common Stock	+	Revenue	-	Expense	-	Dividend
Nov.	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	select an account title Miscellaneous expenseInterest expenseBank charges expenseSubscription revenue
Dec. 31	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an account title Bank charges expenseSubscription revenueInterest expenseMiscellaneous expense