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Help please! Requlred Information [ The following information applies to the questions displayed below. ] The Riesen Publishers ( TRP ) is a publisher of

Help please! Requlred Information
[The following information applies to the questions displayed below.]
The Riesen Publishers (TRP) 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 TRP (a) collected $660 million in 2021 for magazines that will be distributed later in 2021 and 2022,(b) provided $324 million of services on these subscriptions in 2021, and (C) provided $336 million of services on these subscriptions in 2022.
Requlred:
Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a),(b), and (c).(Enter any decreases to assets, llabilitles, or stockholders equity with a minus sign. Enter your answers in whole dollars.)
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