Mohling Company typically sells subscriptions on an annual basis, and publishes eight times a year. The magazine sells 45,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?

Subscriptions Receivable	450,000
Subscription Revenue		450,000

Cash	450,000
Unearned Subscription Revenue		450,000

Subscriptions Receivable	56,250
Unearned Subscription Revenue		56,250

Prepaid Subscriptions	450,000
Cash		450,000