Question: Help please! Requlred Information [ The following information applies to the questions displayed below. ] The Riesen Publishers ( TRP ) is a publisher of
Help please! Requlred Information
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 $ million in for magazines that will be distributed later in and b provided $ million of services on these subscriptions in and C provided $ million of services on these subscriptions in
Requlred:
Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions ab and cEnter any decreases to assets, llabilitles, or stockholders equity with a minus sign. Enter your answers in whole dollars.
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