Assume ttt (a) collected $420 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $204 million of services on these subscriptions in 2018, and (c) provided $216 million of services on these subscriptions in 2019.
using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (enter any decreases to assets, liabilities, or stockholders equity with a minus sign. enter your answers in whole dollars.)

Answer

The answer and procedures of the exercise are attached in the following archives.

Consider the excel document where the source of the results is plotted.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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