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On April 1. Garcia Publishing Company received $28,980 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the

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On April 1. Garcia Publishing Company received $28,980 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year? Multiple Choice debit Unearned Fees. $21735. credit Fees Earned, 521735. debit. Unearned Fees, 57.245. credit Fees Earned, 57245 debit Unoamned Fees, $2,415; credit Fees Earned, $2,415 debit Unearned Fees, $28,980, credit Fees Eamed, 528,980, dobit Uneamed Fees. $9,660, credit Fees Earned. 59.660

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