S3-3 Applying the revenue recognition principle South Shore Magazine sells subscriptions for $60 for 12 issues. The company clles cash in advance and then mails out the magazines to subscribers each month Apply the revenue recognition principle to determine a. when South Shore Magazine should record revenue for this situation. b. the amount of revenue South Shore Magazine should record for eight issues. S3-4 Applying the matching principle Suppose on January 1, Antonio's Tavern prepaid rent of $6,000 for the ful year At June 30, how much rent expense should be recorded for the period January through June 30