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Required information [The following information applies to the questions displayed bolow] The Riesen Publishers (TRP) is a publisher of magazines, Its accounting policy for subscriptions
Required information [The following information applies to the questions displayed bolow] The Riesen Publishers (TRP) is a publisher of magazines, Its accounting policy for subscriptions follows: hevenuen Wevobues from eur magatine subeription mervices aro deferred isitialiy and later recognired as revense as subseription services are provided. Assume TRP (d) collected $660 milion in 2021 for magazines that will be distributed later in 2021 and 2022, (b) provided $324 million of services on these subscriptions in 2021, and (d) provided $336 million of sorvices on these subscriptions in 2022 . Required: 1. Using the intormation given, indicate the accounts, amounts, and accounting equation effects of transactions ( (, ( (b), and (d) (Enter any decreeses to assets, liablilities, or stockholders equity with a minus sign. Enter your answers in whele dollars.)
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