On August 1, Huawy Plus Magazine colecled cash of $51.000 on future annual subscriptions starting on September 1. Requirements 1. Journalize the transaction to record the collection of cash on August 1. Joumalize the transaction required at December 31, the magazine's year-end, assuming no revenue sarned has been recorded (Round adjustment to the nearest whole collar) 2. Requirement 1. Journaize the transaction to record the colection of cash on August 1. (Record debits first, there credils. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Dobit Credit Aug 1 Requirement 2. Journaize the transaction required at December 31, the magazine's year-end, assuming no revenue came has been recorded. (Recard details first, then credits. Select the explanation on the last line of the journal entry table. Round adjustment to the nearest whole sallar) Date Accounts and Explanation Debit Credit Dec. 31