$20$

On August $28,2024,$ an online subscription service provider received a total of $$44,820$ in cash from $540$ customers for one$-$year subscriptions. The subscriptions begin in September. On receipt of the cash, the company recorded a liability, deferred subscription revenue. What is the required adjustin? entry on December $31,2024?$

$00$:$08$:$05$

Skipped

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Deferred subscription revenue,$29,880,],[$Subscription revenue,,$29,880]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Deferred subscription revenue,$44,820,],[$Subscription revenue,,$14,940],[$Prepaid subscriptil?s$,,29,880]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Deferred subscription revenue,$14,940,]]$