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On April 1, Gimit Publishing Company received 533,480 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The company credited Uneaned Fees for

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On April 1, Gimit Publishing Company received 533,480 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The company credited Uneaned 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 Griffith Publishing Company on December 31 of the first year! Moe Choc o debit Uneamed Fees, 60, cred Fees Eamed, s, debt nedfees, 58,370, cred Fees E58,370 der Uncamede, 33.480, creamed,1,40 Ooo Gamed feet 52.790, credits Get Cheaned $25.110 creates ..10

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