Nevin Company publishes a monthly sports magazine FishingPreview. Subscriptions to the magazine cost $20 per year. DuringNovember 2012 Nevin sells 9000 subscriptions beginning with theDecember issue. Nevin prepares financial statements quarterly andrecognises subscription revenue earned at the end of the quarter.The business uses the accounts Unearned Subscriptions andSubscriptions Revenue.Instructions(a) Prepare the entry in November for the receipt of thesubscriptions.(b) Prepare the adjusting entry as at 31 December 2012 to recordsubscription revenue earned in December 2012.(c) Prepare the adjusting entry as at 31 March 2013 to recordsubscription revenue earned in the first quarter of 2013.(a) Nov. 30DebitCredit(b) Dec. 31DebitCredit(c) Mar. 31Debit.Credit