On March 31, 2020, Crateman Publishing Corp. receives a prepayment from Samson, Inc. of $1,500 for a 12-month subscription to a trade journal they publish. The subscription starts on April 1, 2020. Crateman records adjusting journal entries annually on its year-end date. What adjusting journal entry will Crateman Publishing Corp. record on December 31, 2020 (year-end) relating to this subscription? Credit ACCOUNT Deferred Revenue Subscription Revenue Debit 1.125 1.125 Credit ACCOUNT Cash S Subscription Revenue Debit 1.500 1,500 Credit ACCOUNT Subscription Expense Prepaid Expenses Debit 1.125 1,125 Credit ACCOUNT Deferred Revenue Subscription Revenue Debit 1.500 1,500 Question 40 3pts A company purchased a tractor on January 1, 2018. for $65.000. The tractor's useful life is estimated to be 30,000 miles with an expected residual value of $5,000. If the company used the tractor 5,000 miles in 2018 and 3,000 miles in 2019, what is the balance for accumulated depreciation at the end of 2019 using the activity-based method? $16,000 $38.000