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Required information [The following information applies to the questions displayed below.] points The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for

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Required information [The following information applies to the questions displayed below.] points 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. eBook Hint References Assume TTT (a) collected $460 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $224 million of services on these subscriptions in 2018, and (c) provided $236 million of services on these subscriptions in 2019. 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 Assets Liabilities Stockholders' Equity (a) (b) (c)

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