If a magazine publisher receives $12 million for annual subscriptions to a monthly magazine on November 1, what would be the appropriate adjustment on 12/31 assuming no other transactions had taken place?

a. Credit Unearned Subscriptions and Debit Subscription Income for two million.

b. Debit Unearned Subscriptions and Cr. Subscription Income for two million.

c. Debit Prepaid Subscriptions and Cr. Unearned Subscriptions for two million.

d. Debit Prepaid Subscriptions and Cr. Unearned Subscriptions for one million.