B-4 Appendix B. Alternative Methods of Recording Deferrals EXERCISE B-4 Year-end entries for deferred revenues in its first year of operation, Martin Publishing Co. received $3,275,000 in advance from advertising contracts and 89,195,000 in advance from magazine subscriptions, crediting the two amounts to Uneamed Advertising Revenue and Circulation Rev. enue, respectively. At the end of the year, the unearned advertising revenue amounts to $396,000, and the circulation revenue amounts to $3,150,000. Journalize the ad- justing entries that should be made at the end of the year