For each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December 31, Step 1. Determine what the current account balance equals. Step 2 Determine what the current account balance should equal Step 3. Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year a. Tao Corocelves 511,800 cash in advance for four months of evenly planned legal services beginning on October 1. 10 records it by debiting Cash and crediting Unearned Revenue both for $11.800. It is now December 31, and Tao has provided legal services as planned. What adjusting entry should to make to account for the work performed from October 1 through December 317 Unearned revenue Stop 1 Determine what the current account balance equals Step 2 Determine what the current account balance should equal Step 3 Record the December 31 adjusting entry to get from step 1 to stop 2 b. Caden started a new publication called Contest News. Its subscribers pay 548 to receive 12 monthly issues with every new subscriber. Caden debits Cash and credits Unearned Subscription Revenue for the amounts received. The company has 100 new subscribers as of July 1. It sends Contest News to each of these subscribers every month from July through December. Assume no changes in subscribers, prepare the year-end journal entry that Caden must make as of December 31 to adjust the Subscription Revenue account and the Uneamed Subscription Revenue account Unearned subscription Step 1 Determine what the current account balance equals revenue Step 2 Determine what the current account balance should equal Step 3. Record the December 31 adjusting entry to get from step 1 to step 2