Metlock publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $14 peryear. During November 2024. Metlock sells 12,000 subscriptions beginning with the December issue. Metlock prepares financial statements quarterly and recognizes revenue for magazines sold at the end of the quarter. The company uses the accounts Unearned Revenue and Revenue.

Prepare the adjusting entry at December 31, 2024, to record revenue to be recognized in December 2024.