The Company publishes a golf magazine for women. The magazine sells for $7 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December 2019, The Company sells 5,000 copies of the golf magazine at newsstands and receives payment for 8,700 subscriptions for 2020. Financial statements are prepared monthly a. Prepare the December 2019 journal entries to record the newsstand sales and subscriptions received b. Prepare the necessary adjusting entry on January 31, 2020. The January 2020 issue has been mailed to subscribers