Healthy Living,a Diet Magazine,collected $492,000 in Subscription Revenue on 31

Multiple Choice

Healthy Living,a diet magazine,collected $492,000 in subscription revenue on 31 May.Healthy Living earns a minimum of $369,000 from the buyers who are not the subscribers.Each subscriber will receive an issue of the magazine for each of the next 12 months,beginning with the June issue.The company uses the accrual method of accounting.What is the balance in the Unearned revenue account on 31 December?

A) $287,000
B) $492,000
C) $205,000
D) $369,000