Shamrock Publications sold annual subscriptions to their magazine for $$37,800$ in December $2024.$ The magazine is published

monthly. The new subscribers received their first magazine in January $2025.$

$($a$1)$

What adjusting entry should be made in January if the subscriptions were originally recorded as a liability? $($List all debit entries

before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $31$