For each separate cose below, follow the three-step process for adjusting the uneared 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 Co.receives $11,000 cash in advance for four months of evenly planned legal services beginning on October 1. Tao recorde it by debiting Cash and crediting Unearned Revenue both for $11,000. It le now December 31, and Tao has provided legal services as planned. What adjusting entry should Tao make to account for the work performed from October 1 through December 317 Unearned revenue 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 b. Caden started a new publication called Contest News. Its subscribers pay $36 to receive 12 monthly lesues with every new aubscriber, Caden debita Cash and credite Unearned Subscription Revenue for the amounts received. The company has 100 new subscribers as of July 1. It sende Contest News to each of these subscribers every month from July through December Asuming 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 Unearned Subscription Revenue account. Unearned subscription revenue 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