Pharoah Company Ltd$.$ publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $$15$ per year. During November $2022,$ Pharoah sells $14,000$ subscriptions for cash, beginning with the December issue. Pharoah prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription R$$venue$.$ The company has a December $31$ year$-$end.

Prepare a tabular summary to record the following events.

$($a$)$ Receipt of the subscriptions in November.

$($b$)$ Adjustment at December $31,2022,$ to record subscription revenue in December $2022.$

Include margin explanations for the changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$