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2) Complete the journal entries: An airline collected $100,000 in 2020 for sales of tickets for future flights. The airline will complete 40% of
2) Complete the journal entries: An airline collected $100,000 in 2020 for sales of tickets for future flights. The airline will complete 40% of the flights related to the ticket sals in 2020. The remaining tickets will complete in 2021. Required: Prepare the journal entry to record the sale of the tickets in 2020. Cash Deferred Revenue 100000 60000
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
