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The following information applies to the questions displayed below) The Riesen Publishers (TRP) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues

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The following information applies to the questions displayed below) The Riesen Publishers (TRP) 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 TRP (a) collected $470 million in 2021 for magazines that will be distributed later in 2021 and 2022.() provided $229 million of services on these subscriptions in 2021, and provided $241 million of services on these subscriptions in 2022 Required: 1. Using the information given indicate the accounts, amounts, and accounting equation offects of transactions (l. (b), and (a. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) Assets Liabilities Stockholders' Equity Transaction (0) (b) (c)

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