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12. The zoo receives a 10% of the revenue earned by Kidos Corporation, the concessionaire operating the snack bar. For the snack bar sales in
12. The zoo receives a 10% of the revenue earned by Kidos Corporation, the concessionaire operating the snack bar. For the snack bar sales in December, 2020 was $1000. Kidos Corporation owes concessions revenue (use concessions revenue account) to the zoo, payable on January 15, 2021. No entry has been made to record this revenue. Show calculations where necessary. (6 points)
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Date Debit Credit Db Cr
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