Sheridan Publications publishes a golf magazine for women. The magazine sells for $6 a copy on the newsstand. Yearly subscriptions to the magazine cost $30 per year (12 issues). During December 2019, Sheridan Publications sells 5,500 copies of the golf magazine at newsstands and receives payment for 8,000 subscriptions for 2020. Financial statements are prepared monthly (a) Your answer has been saved. See score details after the due date. Prepare the December 2019 journal entries to record the newsstand sales and subscriptions received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Cash 273.000 Unearned Subscription Revenue 240,000 (To record sales) Unearned Subscription Revenue 20,000 Subscription Revenue 20,000 (To record subscriptions received) Prepare the necessary adjusting entry on January 31, 2020. The January 2020 issue has been mailed to subscribers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit