A company has advance subscription sales totaling 45,000 for the upcoming year when four quarterly journals will mailed to customers When the company mails the first quarterly journal to customers, it should record: Debit Prepaid Subscriptions 33,750 credit Unearned Revenue 33,750 Debit Prepaid Subscriptions 11,250 credit Sales 11,250 Debit Cash 11,250 credit Sales 11,250 Debit Unearned Revenue 45,000 credit Cash 45,000 Debit Unearned Revenue 11,250 credit Sales 11,250

To determine the correct journal entry, let's analyze the situation step by step:### Key Information:1. The company has received **advance subscription sales** of .2. Since there are four quarterly journals, the revenue recognized per quarter is: 11,250 \]3. When the first journal is mailed, **: This reduces the liability since part of the obligation has been fulfilled.- **Credit Sales ; credit Sales .**