please explain in detail

O 3 30 Dots Required 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 waezine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TRP () collected $430 million in 2021 for magazines that will be distributed later in 2021 and 2022. (6) provided $209 million of services on these subscriptions in 2021, and (c) provided $221 million of services on these subscriptions in 2022 DOO Print Renes 2. Using the information given, prepare the journal entries that would be recorded for (). (6), and (c) (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollars.) View transaction that Journal entry worksheet 1 Record the collection of $430,000,000 for magazine subscriptions to be delivered later in 2021 and 2022 LA RUE CROCHURESTI m. 3 View in ise Journal entry worksheet 2 3 Record the collection of $130,000,000 for magazine subscriptions to be delivered later 2021 and 2022 N Entebiberec General Journal Dedit Crede Record entry Clear entry View general journal Homework 10 6 USHUHUDIUIVELICUI CIVIC CHID UL WUUU UTELIUEU TULICH DIUICHE TUTTUVIS Required information 3 View transaction list 10 points Journal entry worksheet > 1 2 3 Book Print Record the service revenue of $209,000,000 earned in 2021. References Note: Enter debits before credits Debit Credit General Journal Date 2021 Record entry Clear entry View general Journal Required information 3 View transaction list 10 Dom Journal entry worksheet