E10-6 (Static) Determining and Recording the Financial Statement Effects of Deferred Revenue [LO 10- 2] [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 (a) collected $420 million in 2021 for magazines that will be distributed later in 2021 and 2022. (b) provided $204 million of services on these subscriptions in 2021, and (d provided $216 million of services on these subscriptions in 2022. E10-6 (Static) Part 1 Required: 1. Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (al.(6), and (4. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) Assets Liabilities Stockhol . Transaction (a) (b) (c) . Journal entry worksheet 1 2 3 Record the collection of $420,000,000 for magazine subscriptions to be delivered later in 2021 and 2022. Note: Enter debits before credits. General Journal Debit Credit Date 2021 Journal entry worksheet