Celebraty printings sold annual subscriptions to their magazine for $33,000 in december, 2019. the magazine is published monthly. the new subscribers received their first magazine in january, 2020.

1. Unearned subscription revenue A/c Dr

                To Subscription revenue

(Being the unearned amount is recorded)

2. $30,250

Explanation:

1. The adjusting entry is shown below:

Unearned subscription revenue A/c Dr

                To Subscription revenue

(Being the unearned amount is recorded)

The computation is shown below:

= Annual subscription sold × number of months ÷ total number of months in a year

= $33,000 × 1 month ÷ 12 month

= $2,750

The one month is calculated from December 2019 to January 2020

2. The computation of the unearned revenue is shown below:

= Annual subscription sold - one month amount

= $33,000 - $2,750

= $30,250

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answer; niosh, the national institute for occupational safety and health;