Soother Magazine collects cash from subscribers in advance and then mals the magazines to subscribers over a one-year period Requirements 1. Record the sumy lo record the oncept of $150.000 cash 2 Record the susting entry that Southern Magazine makes to record earning 59.000 in subscription revenue that was collected in avance Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show the balances atter adjustments ignore the Cash account Accounts and Explanation De Credit 150.000 Und Subscrion Revenue 150.000 3 Requirement 2. Record the entry that Southam Magazine makes to record the earning of 50.000 of subscription revenue that was collected in ce fecond debts fest, then credits Select the exponentes of the many Date Accounts and Explanation Credit Debat 000 9.000 To record amned reshwashed an advance