On October 1, 20X1, Sycamore sold 1,000 two-year subscriptions for $100 each. The total amount received was credited to Deferred

Subscriptions Revenue. Assume revenue is recognized ratably over each subscription. Prepare the necessary adjusting entry at December

31, 20X1. (1.5 points)

Group of answer choices

Deferred Subscriptions Revenue $25,000

Subscriptions Revenue $25,000

Deferred Subscriptions Revenue $12,500

Subscriptions Revenue $12,500

Deferred Subscriptions Revenue $100,000

Subscriptions Revenue $100,000

Subscriptions Revenue $25,000

Deferred Subscriptions Revenue $25,000