Prepare the entry in October for the reciept of the subscriptions. Prepare the adjusting entry at Dec 31 2020 to record subscription revenue earned in Dec 2020. Then prepare the adjusting entry at March 31,2021.

Prepare the adjusting entry at December 31,2020, to record subscription revenue earned in December 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Prepare the adjusting entry at March 31, 2021, to record subscription revenue earned in the first quarter of 2021. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Prepare the entry in October for the receipt of the subscriptions. (Credit account tities are outomatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.) Flores Company publishes a monthly sports magazine, Hunting Preview. Subscriptions to the magazine cost $25 per year. During October 2020, Flores sells 30,000 subscriptions beginning with the November issue. Flores prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue