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Accounting

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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 $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.
Required:
Using the information given, Indicate the accounts, amounts, and accounting equation effects of transactions (a),(b), and (C).(Enter 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.
\table[[Transaction,,Assets,,=,,,,+,Stor,,],[(a),Cash,,630,=,Deferred Revenue,0,630,+,,,],[(b),,,,=,Deferred Revenue,(2),309x,+,Deferred Revenue,x,309x
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