Houston Times Publishing Inc. sells two-year magazine subscriptions. Cash receipts from subscribers are credited to Unearned Subscription. Revenue On December 31, 2018, immediately before the company made adjusting entries, the Unearned Subscription Revenue account had a balance of $8,000. Outstanding subscriptions relating to magazines that have not been delivered as of December 31, 2018, will be mailed to customers as follows:
During 2019 $2,800
During 2020 2,200
At December 31, 2018, what amount should Houston Times Publishing Inc. report as the balance for Unearned Subscription Revenue? Where should this amount be reported?

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The Answer of Houston Times Publishing Inc. sells two-year magazine subscriptions. Cash receipts from subscribers are credited to Unearned Subscription. Revenue On December 31, 2018, immediately before the company made adjusting entries, the Unearned Subscription Revenue account had a balance of $8,000. Outstanding subscriptions relating to magazines that have not been delivered as of December 31, 2018, will be mailed to customers as follows:
During 2019 $2,800
During 2020 2,200
At December 31, 2018, what amount should Houston Times Publishing Inc. report as the balance for Unearned Subscription Revenue? Where should this amount be reported?