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red information (The following information applies to the questions displayed below) The Riesen Publishers (TRP) is a publisher of magazines. Its accounting policy for
red 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 from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TRP (a) collected $620 million in 2021 for magazines that will be distributed later in 2021 and 2022, (b) provided $304 million of services on these subscriptions in 2021, and (c) provided $316 million of services on these subscriptions in 2022 Required: 1. 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 (a) (b) (c) Assets Liabilities Stockholders' Equity Accumulated Amorization
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