tatic) Eastside Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period. Read the requirements or Requirement 1. Record the journal entry to record the original receipt of $180,000 cash. (Record debits first, then credits. Select the explanatior entry table) Date Accounts and Explanation Debit Credit Requirements - X 1. Record the journal entry to record the original receipt of $180,000 cash. 2. Record the adjusting entry that Eastside Magazine makes to record earning $8,000 in subscription revenue that was collected in advance 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances after adjustments. (Ignore the Cash account.) Print Done