...subscription payments from? Sports Animated Magazine began publishing in 2004, and collected $5,000 in advance subscription payments from customers. At December 31, 2004, $1,200 of the subscription payments had still not been earned. After the adjusting entries are recorded and posted, the balances in the Unearned Subscriptions Revenue and Subcriptions Revenue accounts should be, respectively,
a. $1,200 and $5,000.
b. $1,200 and $3,800.
c. $5,000 and $5,000.
d. $1,200 and $0.
e. none of the above
a. $1,200 and $5,000.
b. $1,200 and $3,800.
c. $5,000 and $5,000.
d. $1,200 and $0.
e. none of the above