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Ivanhoe Compamy Ltd. publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Ivanhoe sells 6,000 subscriptions

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Ivanhoe Compamy Ltd. publishes a monthly sports magazine. Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Ivanhoe sells 6,000 subscriptions for cash, beginning with the December issue Ivanhoe prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The compary uses the accounts Uneamed Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions, (Credit account utles are automatically indented when amount is entered, Do not indent manualik eTextbook and Media Prepare the adjusting entry at December 31, 2022, to record subscription revenue in Decembar 2022. (Credlt account vitles are. automatically indented when amount is entered, Do not indent manually. Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit occount tilles are outomatically indented when amount is entered. Do not indent manually]

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