Question: Current Attempt in Progress Crane Company Ltd . publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $ 2 8 per year.

Current Attempt in Progress

Crane Company Ltd

.

publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $

28

per year. During November

2022,

Crane sells

9, 000

subscriptions for cash, beginning with the December issue. Crane prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December

31

year

-

end

magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During

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