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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

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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 from our magazine subscription services are deterred initially and later recognized as revenue subscription services are provided Assume TTT (collected $610 million in 2018 for magazines that will be distributed later in 2018 and 2019. provided $299 million of services on these subscriptions in 2018, and (d provided $311 million of services on these subscriptions in 2019 Required: 1. Using the information given indicate the accounts, amounts, and accounting equation effects of transactions and d. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) Transaction Assets Liabilities Stockholder a) (b) c) MacBook Pro WERUPA

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