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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 $$430$ million in $2021$ for magazines that will be distributed later in $2021$ and $2022,($b$)$ provided $$209$ million of services on these subscriptions in $2021,$ and $($c$)$ provided $$221$ million of services on these subscriptions in $2022.$

$2.$ Using the information given, prepare the journal entries that would be recorded for $($a$),($b$),$ 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.$)$

Journal entry worksheet

$1$

Record the service revenue of $$209,000,000$ earned in $2021.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[2021,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$