For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and the adjustment required on January 31, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a Magnificent Magazines received $12,000 on December 31, 2018, for subscription services related to magazines that will be o Walker Window Washing paid $1.200 cash for supplies on December 31, 2018. As of January 31, 2019, $200 of these supplies had c Indoor Raceway received $3.000 on December 31, 2018, from race participants for providing services for three races. One race is held in January 31, 2019, and the other two will be held in March 2019 been used up. Journal entry worksheet 1 2 3 4 5 6 > Record the receipt of $12,000 on December 31, 2018, for subscription services related to magazines that will be published and distributed from January through December 2019. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 > Record the January 31, 2019 adjusting entry for the December 31, 2018 receipt of $12,000 for magazine subscriptions to be published January through December 2019. Note: Enter debits before credits. Date Jan. 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the receipt by Indoor Raceway of $3,000 on December 31, 2018, from race participants for providing services for three races. One race is held on January 31, 2019, and the other two will be held in March 2019. Note: Enter debits before credits. Date Dec. 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet