what is the unearned subscription revenue?

Horizon Publishing Company completed the following transactions during 2010 Nov 1 Sold 100 six-month subscriptions, collecting cash of $1,200, plus sales tax of 5%. Dec 15 Remitted the sales tax to the state of Wisconsin. ary adjustment at year-end to record the amount of subscrption revenue earned during the yoar Read the requirements. Requirement 1. Journalize Journalize the sale of 100 six-month subscriptions, collecting cash of S 1,200, plus sales tax of 5% these transactions. Explanations are not required. (Record debits first, then credits Exclude explanations fro Journal Entry Date Accounts Debit Credit Nov 1 Cash 1,260 Unearned subscription revenue Sales tax payable Journalize the remittance of the sales tax to the state of Wisconsin. Journal Entry Date Accounts Debit Credit Dec Sales tax payable Cash Journalize the necessary adjustment at year-end to record the amount of subsciption revenue eamed dunnig yoar Journal Entry Date Accounts Debit Credit Uneaned subscription revenue Subscnption revenue Dec