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 $620 million in 2021 for magazines that will be distributed later in 2021 and 2022, (b) provided $304 million of services on these subscriptions in 2021, and (c) provided $316 million of services on these subscriptions in 2022. 2. Using the information given, prepare the journal entries that would be recorded for (a). (b), and (c). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 3 Record the collection of $620,000,000 for magazine subscriptions to be delivered later in 2021 and 2022. Note: Enter debits before credits. Date 2021 General Journal Debit Credit Record entry Clear entry View general journal . Droy of 12 E Next