10 HW o Question 21 (of 21)> E10-6 Determining and Recording the Financial Statement Effects of Unearned Subscripti The following information applies to the questions displayed below] Riesen Publishers is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Sales of our magazine subscriptions are deferred (as unearned revenue) and recognized as revenues proportionately over the subscription period. Assume that Riesen Publishers (a) collected $500 million in 2015 for magazines that will be delivered later in 2015 and 2016, and (b) delivered $244 million worth.of magazines on these subscriptions in 2015. References Section Break E10-6 Determining and Recording the Financial Statement Effects of Uneamed Subscription Revenue LO 10-2 21. 0.60 points 0.60 points Required is E10-6 Part 1 1. Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a) and (b). (Enter any decreases to account balances with a minus sign. Enter your answers in whole dollars.) (a) Cash 5,000,00 Revenue 5,000 2.560 Hints References eBook &Resources tint#1