wileypis.com Huu I Watch Briet er 256 Better Publications, Sald Annu. Better Publications, o Annibar 8.5/17 Question 6 View Policies Show Attempt History Current Attempt in Progress Skysong Publications, sold annual subscriptions to their magazine for $48,720 in December, 2016. The magazine is published monthly The new subscribers received their first magazine in January, 2017. (a) Your answer is correct. What adjusting entry should be made in January / the subscriptions were originally recorded as a liability? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation 4060 Jan. 31 Unearned Subscription Revenue 4060 Subscription Revenue e Textbook and Media Att (b) X Your answer is incorrect. What amount will be reported on the January 2022 balance sheet for Unearned Subscription Revenue? Unearned Sales Revenue at January 31 $ 288260 e Textbook and Media e Textbook List of Accounts Attempts: 2 of 3 usec Save for Later