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25 Season tickets for the Crane are priced at $220 and include 11 home games. An equal amount of revenue is recognized after each game
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Season tickets for the Crane are priced at $220 and include 11 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,111,000. By the end of October, $606,000 of the Unearned Ticket Revenue had been recognized as revenue. (a) Your answer is correct. How many season tickets did the Crane sell? Season tickets sold by Crane Home games played by Crane eTextbook and Media List of Accounts Attempts: 1 of 6 used (c) Prepare the entry for the initial recording of the Unearned Ticket Revenue. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Step by Step Solution
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