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Sport Pro Magazine sold 31,320 annual subscriptions on August 1, 2014, for $22 each. Prepare Sport Pro's August 1, 2014, journal entry and the December

Sport Pro Magazine sold 31,320 annual subscriptions on August 1, 2014, for $22 each. Prepare Sport Pro's 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.)

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