FILTR Ski West, Inc., operates a downhill Ski area near Lake Tahoe, California Ano-day adutin ticket can be purchased for $85. Adut customers also can purchase a season pass that entities the pass holder to stary day during the season, which typically runs from December through April 30 Ski West expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31 On November 6, 2021, Jake Lawson purchased a season pass for $456 Required: 1. When should Ski West recognize revenue from the sale of its season passes? 2. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31 3. What will be included in the Ski West 2021 income statement and balance sheet related to the sale of the season pass to Jake Lawson? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required When should Ski West recognize revenue from the sale of its season passes! Eusly throughout the When should West recognize venue from those of its passes Read 2 > 2. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31 3. What will be included in the Ski West 2021 Income statement and balance sheet related to the sale of the season pass to Jake Lawson? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the appropriate journal entries that slo West would record on November 6 and December 31. (if no antry is required for a transaction/event. alect "No journal entry required in the first account field) No Date General Journal Debit Credit 1 455 November 08, 20 Cash Deferred revenue 458 E 91 2 December 31, 202. Deferred revenue Service revenue 91 Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 What will be included in the Ski West 2021 Income statement and balance sheet related to the sale of the season pass to Jake Lawson? $ PI Amount Amount included in remaining balance in tevenue deferred revenue
