k c. Deferred revenuessubscription fees ' Tremblay Inc. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $96 in advance for a one-year subscription. During the month of April of the current year, Tremblay Inc. sold 140 one-year subscriptions and received payments in advance from all new subscribers. Only 54 of the new subscribers paid their fees in time to receive the April newsletter. The other subscribers received the newsletter in May. Required: Preparejournal entries to record the subscription fees received in advance during April of the current year, and the related adjusting entry to recognize the subscription revenue earned during April of the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the rst account field.) 9 Answer is not complete