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Required Information

$[$The following information applles to the questions displayed below.$]$

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.

Assume TTT $($a$)$ collected $$420$ million in $2021$ for magazines that will be distributed later in $2021$ and $2022,($b$)$ provided $$204$ million of services on these subscriptions in $2021,$ and $($c$)$ provided $$216$ million of services on these subscriptions in $2022.$

Required:

Using the information given, Indicate the accounts, amounts, and accounting equation effects of transactions $($a$),($b$),$ and $($C$).($Enter any decreases to assets, llabilltes, or stockholders equlty with a minus sign. Enter your answers in whole dollars.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$Transaction$,,$Assets,,$=,,,,+,$Stor,,$],[($a$),$Cash,$,630,=,$Deferred Revenue,$0,630,+,,,],[($b$),,,,=,$Deferred Revenue,$(2),309x,+,$Deferred Revenue,$x,309x$