Question
3065T_c10_web_prob_B.qxd Season tickets for the Lame Ducks are priced at $230 and include 20 games. Revenue is recognized after each game is played. When the
Season tickets for the Lame Ducks are priced at $230 and include 20 games. Revenue is recognized after each game is played. When the season began, the amount credited to Unearned Season Ticket Revenue was $1,104,000. By the end of October, $772,800 of the Unearned Season Ticket Revenue had been recorded as earned.
3065T_c10_web_prob_B.qxd- (a) How many season tickets did the Lame Ducks sell?
- (b)HowmanyhomegameshadtheLameDucksplayedbytheendofOctober?
- (c)PreparetheentryfortheinitialrecordingoftheUnearnedSeasonTicketRevenue.
- (d)Preparetheentrytorecognizetherevenueafterthefirsthomegamehadbeenplayed.
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven M. Mintz, Roselyn E. Morris
5th edition
1259969460, 73403997, 1260480852, 978-1259969461
