Required information

The following information applies to the questions displayed below$]$

The Tennis Times $($ITT$)$ 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 TIT:

a collected $$420$ million in $2024$ for magazines that will be distributed later in $2024$ and $2025$

b$.$ provided $$204$ million of services on these subscriptions in $2024,$ and

c$.$ provided $$216$ million of services on these subscriptions in $2025.$

Required:

Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions $($a$),($b$),$ and $($c$).$ If a transaction affects a temporary account, include the account name under "Temporary Accounts" and the financial effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; their impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be left blank

Note: Enter any decreases to Assets, Liabilities, Stockholders' Equity, or Net Income with a minus sign. Enter your answers in whole dollars.