Question
Assume that on January 10, 2017, your friend, Ellie, booked a four-day cruise for June 2017 to Western Caribbean for a total of $1,580 (not
Assume that on January 10, 2017, your friend, Ellie, booked a four-day cruise for June 2017 to Western Caribbean for a total of $1,580 (not including taxes, fees, or port expenses.) leaving from Galveston, Texas. The customer pays in full on the day she books. What journal entry will Carnival make on January 10, 2017, for Ellies booking and payment?
Balance Sheet | Income Statements | ||||||||||||||||
Assets | = | Liabilities | Stockholders' Equity | Revenue | - - | Expense | = = | Net Income | |||||||||
Options | Date | Cash | + | Accounts receivables | = | Accounts payable | + | Unearned revenue | + | Common Stock | + | Retained earnings | |||||
A | Jan-10-2017 | 1,580 | + | (1,580) | = | + | + | + | - | = | |||||||
B | Jan-10-2017 | 1,580 | + | 1,580 | = | + | + | + | - | = | |||||||
C | Jan-10-2017 | 1,580 | + | = | + | + | + | 1,580 | 1,580 | - | = | 1,580 | |||||
D | Jan-10-2017 | 1,580 | + | = | + | 1,580 | + | + | - | = |
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