S39 Accounting math question.Please answer in format shown.

ACC 111 Summer 2017 Homework: Chapter 3 Homework core: 0 of 2 pts 8 of 14 (B complete) 3-9 (similar to) HW Score: Street Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a oneyear period Read the ngurements Requirement 1. Record the journal entry to record the original receipt ors160,000 cash Recond debts frst,ther aodis the explanation on the last Ine ar thejournal enty table) Accounts and Explanation Credit 1 hen c pk Check