On August 28, 2024, an online subscription service provider received a total of $48,600 in cash from 600 customers for one-year subscriptions. The subscriptions begin in September. On receipt of the cash, the company recorded a liability, deferred subscription revenue. What is the required adjusting entry on December 31, 2024? Multiple Choice O O Account Title Deferred subscription revenue Subscription revenue Account Title Deferred subscription revenue Subscription revenue Account Title Deferred subscription revenue Subscription payable Account Title Deferred subscription revenue Subscription revenue Prepaid subscriptions Debit 16,200 Debit 32,400 Debit Credit 48,600 16,200 Credit Debit Credit 16,200 32,400 16,200 Credit 16,200 32,400