McDaniel Company sells magazines with a three-year subscription. The subscription provides their customers with a monthly magazine for the next 36 months. The subscription price is $90 for a three-year term. The company did not start their business until December 1, 2020. During December, the company sold 12,000 subscriptions with an advanced payment for each subscription in cash. The first magazine will not be published until January of 2021 Record the entry for the sale of the subscriptions in 2020 2 Record the entry at the end of January when the first magazine is mailed to their 12000 subscribers