QS 3-9Preparing adjusting entries (annual)-unearned revenue LO4 October 1, 2017 Dec. 31, 2017 Mar. May Sept. Nov. Jan. Mar. May July Ju Nov. Fol Apt. 3010 Aug. Oct. Dec. Feb Apr 2017 June Aug 2018 Oct. Dec. Club 17X Fitness prepares financial statements on an annual basis and has a December 31 year-end. On October 1, 2017, Club 17X sells a one-year prepaid gym membership for $300 cash. a. Record the journal entry on October 1, 2017. b. How much is the gym membership per month? c. How many months have passed between October 1, 2017 and December 31, 2017? d. In order to prepare the annual financial statements, record the adjusting journal entry on December 31, 2017.