Splish Brothers publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $$20$ per year. During November

$2024,$Splish Brothers sells $16,800$ subscriptions beginning with the December issue. Splish Brothers prepares financial statements

quarterly and recognizes revenue for magazines sold at the end of the quarter. The company uses the accounts Unearned Revenue

and Revenue.

Prepare the entry in November for the receipt of the subscriptions. $($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 O for the amounts. List debit

entry before credit entry.$)$Account Titles

Debit

Credit

Nov.

$2024$

Cash

Unearned Revenue $-$ Loyalty Program

eTextbook and MediaList of Accounts

Question Part Score

Prepare the adjusting entry at December $31,2024,$ to record revenue to be recognized in December $2024.($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 O for the amounts. List debit entry before credit entry.$)$

List of Accounts

Question Part Score

Prepare the adjusting entry at March $31,2025,$ to record revenue to be recognized in the first quarter of $2025.($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. List debit entry before credit entry.$)$

List of Accounts