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If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the journal entry to record the receipt of cash would consist
If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the journal entry to record the receipt of cash would consist of a:Multiple ChoiceDebit Sales, credit Unearned Revenue.Debit Unearned Revenue, credit Sales.Debit Cash, credit Unearned Revenue.Debit Unearned Revenue, credit Cash.Debit Cash, credit Ticket Sales Payable.
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
