ve 1 S11-3 Recording unearned revenue On June 1, Hunting Man Magazine collected cash of $63,000 on future annual suhe tions starting on July 1. Requirements 1. Journalize the transaction to record the collection of cash on June 1. 2. Journalize the transaction required at December 31, the magazine's year-end. assuming no revenue earned has been recorded. (Round adjustment to the nearest whole dollar.)