On November 1, 2016, Paige Turner Publishing received $50,400 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2016, is Debit Subscriptions Income $8,400; credit Unearned Subscriptions $8,400. Debit Unearned Subscriptions $8,400; credit Subscriptions Income $8,400 Debit Unearned Subscriptions $4,200; credit Subscriptions Income $4,200. Debit Unearned Subscriptions $50,400; credit Subscriptions Income $50,400