Harold News collects payments from customes for newspaper subscriptions on a yearly basis (specificaly, in one year subscriptions) Each month, Haroid must record an adjusting entry to reoognize the morthly reverve that has been proviced or-year storvors Preparhejo mal enyorecord the ntial transacton and he emy that Harold we post on March 31 torec une re monti, sterio, revenue Ont espansoon Record debis first, then credits. Exclude explanations from any joumal enrs March Prepane the joumal entry thal Hanold will post on March 31 to reoognine the monthly subsoription eveue Account