The Conceptual Framework defines revenues and outlines a number of criteria for their recognition. Surfin' Magazines Ltd identifies the following independent transactions and events: Received $24 000 in subscriptions for magazines to be delivered once per month for the next 12 months. (b) Received dividends from IAG for shares owned by the business. (c) Paid interest on a loan to purchase a delivery vehicle. (d) Delivered magazines for the month for customers who had paid in advance. (iii) For each of the other items listed above, explain whether you would recognise it as revenue in the Income Statement and provide general journal entries to record the transaction