Fall 2023 1st midterm Question 5 of 7<> -//15-=quadvdots View Policies Current Attempt in Progress Teenage Fanclub Printings sold annual subseriptions to their magazine for $30,000 in December, 2021. The magazine is published monthly. The new subscribers received their first magazine in January, 2022. What adjusting entry should be made in January if the subscriptions were originally recorded as a liability? (Credit account titles are outamatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounks) Account Titles and Explanation Debit Credit What amount will be reported on the January 2022 balance sheet for Unearned Subscription Revenue