Reader's Digest Association is a publisher of magazines, books, and music collections. The following note is from a recent annual report: Revenues Sales of our magazine subscriptions are deferred (as unearned revenue) and recognized as revenues proportionately over the subscription period. Assume that Reader's Digest (a) collected $394 million in 2013 for magazines that will be delivered later in 2013 and 2014, and (b) delivered $190 million worth of magazines on these subscriptions in 2013. Required: 1. Using the information given, indicate the accounts, amounts, and accounting equation effects (+ for increase, - for decrease, and NE for no effect) of the transactions involving $394 million and $190 million. Assets Liabilities Shareholders' Equity Transaction (a) (b) 2. Using the information given, prepare the journal entries that would be recorded in each year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the journal entries that would be recorded in 2013. Note: Enter debits before credits. General Journal Debit Credit Transaction (a)