Woods Company sells magazine subscriptions on an annual basis, and publishes 6 times a year. The company sold 100,000 subscriptions to clients in January for $30 cash each. What entry is made in January to record the sale of the subscriptions?

• A. Debit Subscriptions Receivable 3,000,000, Credit Subscription Revenue 3,000,000
• B. Debit Subscriptions Receivable 500,000, Credit Unearned Subscription Revenue 500,000
• C. Debit Prepaid Subscriptions 3,000,000, Credit Cash 3,000,000
• D. Debit Cash 3,000,000, Credit Unearned Subscription Revenue 3,000,000