【单选题】On March 31, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What is the adjusting entry that shoul...
A.
debit Unearned Fees, $15,480; credit Fees Earned, $15,480.
B.
debit Unearned Fees, $5,160; credit Fees Earned, $5,160.
C.
debit Unearned Fees, $11,610; credit Fees Earned, $11,610.
D.
debit Unearned Fees, $1,290; credit Fees Earned, $1,290.
E.
debit Unearned Fees, $3,870; credit Fees Earned, $3,870.