James publishes the Marley Gazette. In June, he collected $60 in advance for 1-year subscriptions. He delivered the first issue in July. Assume one issue is published per month. The journal entry to record the delivery of the magazines in July would be

Select one:

a. Prepaid Subscriptions 5.00

Subscription Revenue 5.00

b. Prepaid Subscriptions 5.00

Cash 5.00

c. Cash 5.00

Subscription Revenue 5.00

d. Unearned Subscription Revenue 5.00

Subscription Revenue 5.00