! Required information [The following information applies to the questions displayed below.] The Tennis Times (TTT) 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 TTT (a) collected $580 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $284 million of services on these subscriptions in 2018, and (c) provided $296 million of services on these subscriptions in 2019. 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 2 3 Record the collection of $580,000,000 for magazine subscriptions to be delivered later in 2018 and 2019. Note: Enter debits before credits. Date General Journal Debit Credit 2018 Journal entry worksheet Record the service revenue of $296,000,000 earned in 2019. Note: Enter debits before credits. Date General Journal Debit Credit 2019