On April $1,$ Living Good Magazine collected cash of $$90,000$ on future annual subscriptions starting on May $1.$

Requirements

Journalize the transaction to record the collection of cash on April $1.$

Journalize the transaction required at December $31,$ the magazine's year$-$end, assuming no revenue earned has been recorded. $($Round adjustment to the nearest whole dollar.$)$

Requirement $1.$ Journalize the transaction to record the collection of cash on April $1.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Apr$.1],[,,,],[,,,],[,,,],[,,,]]$

Requirement $2.$ Journalize the transaction required at December $31,$ the magazine's year$-$end, assuming no revenue earned has been recorded. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table. Round adjustment to the nearest whole dollar.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.31],[,,,],[,,,],[,,,],[,,,]]$