5 Part 1 of 2 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. 14.28 Dit Assume TTT (4) colected $490 million in 2018 for magazines that will be distributed later in 2018 and 2019. (c) provided $239 milion of services on these subscriptions in 2018, and provided $251 million of services on these subscriptions in 2019 Required: Prim 1. Using the information given indicate the accounts, amounts, and accounting equation effects of transactions (l.(6), and (d. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) References Assets Stockholders' Equity Transaction () Part 2 of 2 View transaction list 1428 points Journal entry worksheet 1 2 3 cBook Record the collection of $490,000,000 for magazine subscriptions to be delivered later in 2018 and 2019. Note: Enter detits before credits General Journal Debit Credit Date 2018 Prve 0 Record entry Clear entry View general journal Graw II 6 Required information Part 2 of 2 View transaction list 1428 Journal entry worksheet points > 3 eBook Record the service revenue of $239,000,000 earned in 2018. Hint Note: Enter debits before credits Date General Journal Debit Credit Print 2018 References Record entry Clear entry View general Journal S Gew 6 Required information Part 2 of 2 View transaction list 14.28 points Journal entry worksheet > eBook Record the service revenue of $251,000,000 earned in 2019, Hm Note: Enter debits before credits Date General Journal Debit Credit Print 2019 References Record entry Clear entry View general Journal Mc Hall MacBook Air