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Required information

$[$The following information applies to the questions displayed below.$]$

Evans Limited publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $$48$ in advance for a one$-$year subscription. During the month of August $2022,$ Evans Limited sold $260$ one$-$year subscriptions and received payments in advance from all new subscribers. Only $85$ of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter. Table $6-4,$ Table $6-5$

Note: Use appropriate factor from the table provided.

a$-3.$ Record the journal entry to show the effect of subscription fees received in advance and Subscription revenue earned during August $2022.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

Record the cash collection of subscription fees received in advance.

Note: Enter debits before credits.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$