Southern Foodie Company Typically Sells Subscriptions on an Annual Basis $\begin{array}{lrr} \text { Subscriptions Receivable } &2,400,000\\ \text {Subscription Revenue } &&2,400,000\\\end{array}$

Southern Foodie Company typically sells subscriptions on an annual basis and publishes six times a year. The magazine sells 80000 subscriptions in January at $30 each. What entry is made in January to record the sale of the subscriptions? a.
$\begin{array}{lrr} \text { Subscriptions Receivable } &2,400,000\\ \text {Subscription Revenue } &&2,400,000\\\end{array}$

b.
$\begin{array}{lrr} \text {Cash } &2,400,000\\ \text {Unearned Subscription Revenue } &&2,400,000\\\end{array}$

c.
$\begin{array}{lrr} \text { Subscriptions Receivable } &400,000\\ \text {Unearned Subscription Revenue } &&400,000\\\end{array}$

d.
$\begin{array}{lrr} \text { Prepaid Subscriptions} &2,400,000\\ \text { Cash } &&2,400,000\\\end{array}$