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Homework Q. 4 pg. 74. On August 1, 2020, the Fiji boat tours received $275,000 in advance ticket sales for a future trip on the
Homework Q. 4 pg. 74.
On August 1, 2020, the Fiji boat tours received $275,000 in advance ticket sales for a future trip on the boat tour. On September 1, 2020, $200,000 worth of boat rides were redeemed by the pre-paid clients.
A. Prepare the journal entry to record the advance ticket sales on August 1, 2020
B. Prepare the journal entry to record the revenue earned on September 1, 2020
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