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2) Workout Company runs a chain of health clubs. Most customers pay $60 in advance for a year-long membership, but customers can also pay as
2) Workout Company runs a chain of health clubs. Most customers pay $60 in advance for a year-long membership, but customers can also pay as they go, by paying $5 per workout every time they visit one of the clubs. Give Workouts journal entries for the following situations.
- Six customers visit health clubs under the pay as you go program.
- Two customers pay in advance for year-long memberships.
- Four customers each use up 7 months of their year-long memberships (make adjusting entry).
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