10 Homework Seved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Required information (The following information applies to the questions displayed below) The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TTT ( collected $500 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $244 million of services on these subscriptions in 2018, and (c) provided $256 million of services on these subscriptions in 2019. Required: 1. Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (d) (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) Answer is not complete. Transaction Assets Liabilities Stockholders' Equity (a) Cash 500,000,000 O Deferred Revenue 500,000,000 256,000,000 O (b) (3)