15 Joann's Hallmark Store collects sales revenue and sales taxes on every products and the cash registered sales taxes. If Joann's has sales of $8,000 and sales taxes of 5480, what journal entry should be made to account for this action debit Cash $8 480. Credit Sales Revenue $8,000 and Sales Tax Payable $480. O Debit Cash $8.480. Credit Sales Revenue $8,480 O Debit Cash $8,000 and Sales Tax Receivable 5480; Credit Sales Revenue 58.480 Debit Cash $8.480: Credit Sales Revenue $8,000 and Sales Tax Expense 5480 The Pikeville Tigers baseball team wells on tits to the $10 each). Before the season began the Purville Tigersold 500 the following journal entry for the collection of cash for the monde Cash 50.000 Uneamed Ticket Revenue 50.000 At June 30, Pikeville has played 3 games. I no entries have been made toate other than you necessary to adjust the Ticket Revenue and Uneamed Ticket Revenue on ne 307 Debit Uneamed Ticket Revenue $15,000. Credit Ticket Revenue $15.000 Debit Ticket Revenue $15,000: Credit Uneamed Ticket Revenue $15.000 Debit Uncamed Ticket Revenue $50.000. Credit Ticket Peveron 550.000 Debit Unearned Ticket Revenue $25,000 Credit Ticket Revenue 525.000 Question 25 Question 25 If bonds are issued at a premium, es a $1.000 face value bond with Market interest rate is higher than the contract The company cash flow is higher than industry The financial strength of the issuing company is strong Market interest rate is lower than the contacte D Question 26 Conceptually, if the Wasgener Corporation issued bonds on the open market for 5950.000 thuthada boto 10 of 5%, which statement below would be the most logical? the bonds had a lower value due to less than average operational performance over the castlewyors Question 26 Conceptually, if the Wasgener Corporation issued bonds on the open to of 5%, which statement below would be the most local the bonds had a lower value due to less than peper performance that the market rate of interest is Stegal to the contractul ratt that the market rate of interest is approdimately lower than the corred o that the market rate of interest is approximately origher than the contractual rate Question 27 Joann's Hallmark Store collects sales revenue and sales taxes on every product sale and the cash register koups separate totals of sales revenue and sales taxes. If Joann's has sales of $8,000 and sales taxes of $480, what journal entry should be made to account for this transaction debit Cash $8.480, Credit Sales Revenue $8,000 and Salts Tax Payable 3480. Debit Cash $8,480; Credit Sales Revenue $8,480 Debit Cash $8,000 and Sales Tax Receivable $480. Credit Sales Revenue $8,480 Debit Cash $8.480, Credit Sales Revenue $8,000 and Sales Tax Expense $480 3.45 pts Question 24 The Pikeville Tigers baseball team sells season tickets to its games. The team plays 10 games and season tickets for all the games we $100 110 cames @$10 cach). Before the season began, the Pikeville Tigers sold 500 season tickets and collected $50.000 (500 tickets times 5100). Pille made the following journal entry for the collection of cash for the season tickets: Cash 50,000 Uneamed Ticket Revenue 50,000 At June 30. Pikeville has played 3 games. If no entries have been made to-date, other than the original entry above, what would be the journal entry necessary to adjust the Ticket Revenue and Uneamed Ticket Revenue on June 307 Debit Uneared Ticket Revenue $15.000; Credit Ticket Revenue $15.000 Debit Ticket Revenue $15,000: Credit Unearned Ticket Revenue $15,000 Debit Unearned Ticket Revenue $50.000: Credit Ticket Revenue $50.000 Debit Uneamed Ticket Revenue $25,000: Credit Ticket Revenue $25,000 3.45 pts If bonds are issued at a premium, e.g. a $1,000 face value bond with a contractual rate of 5% is issued for $1,050, it means that the Market interest rate is higher than the contractual rate. The company's casti flow is higher than industry average The financial strength of the issuing company is strong Market interest rate is lower than the contractual rate Question 26 3.45 pts Question 26 3.45 pts Conceptually, if the Waggener Corporation issued bonds on the open market for $950,000 that had a face value of $1,000,000 and a contractual rate of 5%, which statement below would be the most logical? the bonds had a lower value due to less than average operational performance over the past few years that the market rate of interest is 5% equal to the contractual ratel. that the market rate of interest is approximately 4% lower than the contractual rate) that the market rate of interest is approximately 6% higher than the contractual rate)