Required information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $47 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 320 one-year subscriptions and received payments in advance from all new subscribers. Only 68 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 (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 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cash collection of subscription fees received in advance. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal ! Required information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $47 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 320 one-year subscriptions and received payments in advance from all new subscribers. Only 68 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 (Use appropriate factor from the table provided.) b. Calculate the amount of subscription revenue earned by Evans Ltd. during the year ended December 31, 2019, for these 320 subscriptions sold in August 2019. Revenue earned during August Revenue earned from September-December Total subscription revenue earned during 2019 from August 2019 sales