Exercise 11-4 Moreno Company publishes a monthly sports magazine,Fishing Preview. Subscriptions to the magazine cost $22per year. During November 2014, Moreno sells13,560subscriptions beginning with the December issue. Moreno 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.

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	Account Titles and Explanation	Debit	Credit
Nov. 30

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Prepare the adjusting entry at December 31, 2014, to record sales revenue recognized in December 2014.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31

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Prepare the adjusting entry at March 31, 2015, to record sales revenue recognized in the first quarter of 2015.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 31

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