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Exercise 10-10 (Part Level Submission) Oriole Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November

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Exercise 10-10 (Part Level Submission) Oriole Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Oriole sells 6,600 subscriptions for cash, beginning with the December issue. Oriole 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. El your answer is correct Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Awount Titles and Explanation Debit Crest Nov. Cash 101-4000 Unearned Subscription Revenue 1640100 (6) Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Account Tities and Explanation Dec. 31 Credit

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