In Docember 2020. Whstminster Printing, a subsidiary of the Howston Chronicle recelved magatine subsengtiens for 202t from customers, whe phid 5500 in octunce. What would be the appropriote joumat entry for this event in December 2020 ? Muntale choice No journal entry is necessary Debir Subscription Revenue, $500; credit Cash, 5500 Debit Cash, $500; credit Deferred Revenue. $500 Debit Cash, $500; credit Subscription Revenue, $500