Street Magazine collects cash from subscribers on advance and then mails the magazines to subscribers over a one-year period. Requirements 1. Record the journal entry to record the original receipt of $110,000 cash Record the adjusting entry that Street Magazine makes to record the earning of $5,000 of subscription revenue that was collected in advance. Using T-accounts post the journal entry and adjusting entry to the accounts involved and show their balances after adjustments. (Ignore the Cash account.) Requirement 1. Record the journal entry to record the original receipt of $110,000 cash