On September 1, 2016, Fortune Magazine sold 660 one-year subscriptions for $84 each. The total amount received was credited to deferred subscriptions revenue. What is the required adjusting entry at December 31, 2016? Deferred subscriptions revenue 18,480 Subscriptions payable 18,480 Deferred subscriptions revenue 18,480 Subscriptions revenue 18,480 Deferred subscriptions revenue 36,960 Subscriptions revenue 36,960 Deferred subscriptions revenue 55,440 Subscriptions revenue 18,480 Prepaid subscriptions 36,960