a) What was the subscription revenue earned during 2016? 

b) What was the subscription revenue earned during 2016 for which the subscription fee was received in 2015? 

c) What was the subscription revenue earned during 2016 for which the subscription fee was also received in 2016? 

d) What is the subscription revenue to be earned in 2017 for which the subscription fee had been received in 2016?
 

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General Ledger Liability Account Subscriptions Received in Advance Cr($) $80,000 Dr($) Balance January 1, 2016 Entries during 2016 $128,000 $120,000 General Ledger Liability Account Subscriptions Received in Advance Cr($) $80,000 Dr($) Balance January 1, 2016 Entries during 2016 $128,000 $120,000