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In December, 2014, Quebecor Printing received a magazine subscriptions for 2015 from a customer, who paid $90 in cash for a 12 month subscription to

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In December, 2014, Quebecor Printing received a magazine subscriptions for 2015 from a customer, who paid $90 in cash for a 12 month subscription to be received next year. What would be the appropriate journal entry at the time when ONE MONTH of the subscription is fulfilled/earned? Debit Deferred Revenue, $7.5; credit Subscription Revenue, $7.5. O Debit Subscription Revenue, $7.5; credit Unearned Revenue, $7.5 O Debit Cash, $7.5; credit Subscription Revenue, $7.5. Debit Cash, $90: credit Deferred Revenue $90

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