Company received revenue in for subscriptions for 2007,2008,20009 in advance, at the end of the companies fiscal year for 2007, the balance of this account is $750,000. Expiration of subscriptions revenue is as follows. 2007 $150,000, 2008 $375,000, 2009 $225,000. How to prepare the adjusting entry in journal form for December 31, 2007.
