Garman Company collects magazine subscriptions from customers at the time subscriptions are sold. Subscription revenue is recognized over the term of the subscription. Garman collected $20 million in subscription sales during its first year of operations. At December 31, the average subscription was 4 expired. Make the journal entry to record when the advance is collected. Date Debit Credit Make the journal entry to record when the product is delivered. Date Debit Amount Credit Amount