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! Required Information [ The following information applles to the questions displayed below. ] The Tennis Times ( TTT ) is a publisher of magazines.
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 $ million in for magazines that will be distributed later in and b provided $ million of services on these subscriptions in and c provided $ million of services on these subscriptions in Required: Using the information given, Indicate the accounts, amounts, and accounting equation effects of transactions ab and CEnter 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. tableTransactionAssets,,Stor,,aCash,Deferred Revenue,bDeferred Revenue,Deferred Revenue,
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 $ million in for magazines that will be distributed later in and b provided $ million of services on these subscriptions in and c provided $ million of services on these subscriptions in
Required:
Using the information given, Indicate the accounts, amounts, and accounting equation effects of transactions ab and CEnter 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.
tableTransactionAssets,,Stor,,aCash,Deferred Revenue,bDeferred Revenue,Deferred Revenue,
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