! Required information [The following information applies 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. 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.) Record the collection of $420,000,000 for magazine subscriptions to be delivered later in 2021 and 2022. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record the service revenue of $204,000,000 earned in 2021. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record the service revenue of $216,000,000 earned in 2022. Note: Enter debits before credits. Date General Journal Debit Credit 2022