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Required information [The following information applies to the questions displayed below] The Riesen Publishers (TRP) is a publisher of magazines. Its accounting policy for
Required 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 Revenues from our magazine subscription services are deferred initially and later recognized as revenue an subscription services are provided. Assume TRP (a) collected $500 million in 2021 for magazines that will be distributed later in 2021 and 2022. (b) provided $244 million of services on these subscriptions in 2021, and (c) provided $256 million of services on these subscriptions in 2022 juired: Jsing the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (Enter iny decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) ansaction (a) (b) (c) Assets Liabilities Stockholders' Equity
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