Assume TTT (a) collected $620 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $304 million of services on these subscriptions in 2018, and (c) provided $316 million of services on these subscriptions in 2019.

Q1:Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.)

Transaction	Assets		=	Liabilities		+	Stockholders Equity
(a)
(b)
(c)

Q2:Using the information given, prepare the journal entries that would be recorded for (a), (b), and (c).