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1 15 pts College Town University sells 5,600 season basketball tickets at $115 each for its 14- game home schedule. Assets Chart of Accounts Liabilities
1 15 pts College Town University sells 5,600 season basketball tickets at $115 each for its 14- game home schedule. Assets Chart of Accounts Liabilities Accounts Payable Unearned Revenue Cash Accounts Receivable Allowance for Doubtful Interest Payable Accounts Taxes Payable Notes Payable Inventory Supplies Prepaid Insurance Equipment Building Land Accumulated Depreciation Stockholders' Equity Common Stock Retained Earnings Ticket Revenue Utilities Expense: Rent Expense Interest Expense Bad Debt Expense Advertising Expense Insurance Expense Wages and Salaries Expense List debit transactions first and then list credit transactions. . Use accounts provided in the Chart of Accounts above. Do NOT create your own account. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10.000 or 10,000.00 without any dollar sign Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. General Journals No Account Titles and Explanation Debit (5) Credit (5) (a) Question 2 10 pts In performing accounting services for small businesses, you encounter the following situation pertaining to cash sales. . Claire Corp. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $36,500 and sales taxes $1,825. Prepare the entries to record the sales transactions and related taxes for Claire Corporation. General Journals Account Titles and Date Debit ($) Credit ($) Explanation 4/10 Select] [Select] [Select] [Select] Question 3 [Select] 1,825 5 pts Dwayne's gross earnings for the week were $1,600, his federal income taxi withholding was $324, and his FICA total was $122. There were no state income taxes What was Dwayne's net pay for the week? In other words, How much will Dwayne get paid? When typing your responses, do NOT include a dollar sign. For example, if your answer $10,000, you should be typing 10.000 or 10.000.00 without any dollar sign
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