Please journalize

6. Golf World Publications publishes a golf magazine for women. The magazine sells for $3.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $24 per year (12 issues). During December 1998, Golf World Publications sells 4,000 copies of the magazine at newsstands and receives payment for 5,000 subscriptions for 1999 . Financial statements are prepared monthly. Prepare the December 1998 journal entries to record the newsstand sales and subscriptions received. Bank Reconciliation