Sport Pro Magazine sold 29,640 annual subscriptions on August 1, 2014, for $26 each. Prepare Sport Pros August 1, 2014, journal entry and the December 31, 2014, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
8/1/14
12/31/14