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ivanhoe company Ltd publishes a monthy sports magazine, fishing preview. subscriptions to the magazine cost $28 per year. during november 2022, ivanhoe sells 6,000 subscriptions

ivanhoe company Ltd publishes a monthy 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 subcription revenue at the end of the quartee. the company uses the accounts unearned subcription revenue and subscription revenue. the company has a december 31 year end image text in transcribed
Date Account Titles and Explanation Debit Credit Nov. Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically in indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit account titles are automatically not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Click if you would like to Show Work for this question: Open Show Work

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