Cullumber company Ltd. publishes a monthly sports magazine fishing preview. Subscription to the magazine cost $15 Per year. During November 2022., cullumber sells 13,840 subscriptions for cash beginning with the December issue. cullumber 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 event

(a) receipt of the subscriptions in November

(b) adjustment at December 31, 2022 to record subscription revenue in December 2022

Assets = Liabilities Pd. in Cap. Cash Unearned Subscrip. Revenue Commonstock + Revenue Non. $ Deci 31