Problem 4-(worth 5 Points) 4) Lucent Electrical Repair performs services costing $3,000 on January 12. Lucent receives the $3,000 on January 31. Record these transactions, assuming that Lucent uses the accrual method of accounting, Real Losers, a diet magazine, collected $360,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting a) Prepare entries to record the receipt of the cash subscriptions and the monthly entry to record subscription income. b) What is the balance in Unearned Subscription Revenue on December 31