Question
Advance Payment for Services The Columbus Bluebirds football team sells a 15-game season ticket for $180. Assume that the team sells 1,000 season tickets on
Advance Payment for Services The Columbus Bluebirds football team sells a 15-game season ticket for $180. Assume that the team sells 1,000 season tickets on August 10. The tickets are all used for admission. a. Prepare a journal entry to record the sale of the season tickets on August 10. b. Prepare a journal entry to record one game of earned revenue on September 12. Round all answers to the nearest dollar.
| General Journal | |||
|---|---|---|---|
| Date | Description | Debit | Credit |
| Sept.12 | AnswerCashUnearned Ticket RevenueTicket Revenue
| $Answer
| $Answer
|
| AnswerCashUnearned Ticket RevenueTicket Revenue
| Answer
| Answer
| |
| To record ticket revenue earned. | |||
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Auditing & Assurance Services A Systematic Approach
Authors: William F Messier Jr, Steven M Glover, Douglas F Prawitt
11th Edition
1260687635, 1259969444, 9781259969447, 978-1260687637
