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a. Gillespie Enterprises Inc. issued $29 million in new common stock. b. Cal State University received $27, 060,000 cash for 82,000 five-game season football tickets.
a. Gillespie Enterprises Inc. issued $29 million in new common stock. b. Cal State University received $27, 060,000 cash for 82,000 five-game season football tickets. None of the games have been played. c. Cal State played the first football game referred to in (b). d. Hall Construction Company signed a contract with a customer for the construction of a new $686000 warehouse. At the signing, Hall received a check for $68, 600 as a deposit to be applied against amounts earned during the first phase of construction. Answer from Hall's standpoint. e. A popular snowboarding magazine company received a total of $4, 500 today e from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint f T-Mobile sold a $300 cell phone plan for service in September to a customer who charged the sale on his credit card. Answer from the standpoint of T-Mobile
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