On October 1, Gardening Green Magazine collected cash of $87,000 on future annual subscriptions starting on November 1. Requirements 1. Journalize the transaction to record the collection of cash on October 1. 2. Journalize the transaction required at December 31, the company's year-end, assuming no revenue earned has been recorded. (Round adjustment to the nearest whole dollar) credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Oct 1 Cash 87,000 Unearned Revenue 87,000 Collected cash for future services. Requirement 2. Journalize the transaction required at December 31, the company's year-end, assuming no revenue earned has been recorded. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Round adjustment to the nearest whole dollar.) Date Accounts and Explanation Debit Credit Dec 31 50750 Unearned Revenue Subscription Revenue 50750 To record subscription revenue to be received