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1. When should Skt West recognize revenue ftom the sale of ns seoson passes? 2. Prepare the oppropnate journal entres that Sik West would record on November 6 and December 31 3. What will be included in the Sk1 West 2024 income statement and bolance sheet related to the sale of the season pass to Jake Lawton? Complete this question by entering vour answers in the tabs below. Prepare the approphate joumal entnes that Sk West would record on November 6 and December 31 . Note: If no entry s iequired for a transectionvevent, stelect "No joumal entry reguired" in the first acceunt field. Journal entry worksheet 2 Nobei Enter debto before costs: Skl West, Incorporated, operates a downhill ski area near Lake Tahoe, California. An all-day aduit lift ticket can be purchased for $85. Adult customers also can purchase a season pass that entules the pass holder to ski any day during the season, which typically runs from December 1 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, 2024, Jake Lawson purchased a season pass for $445. Requlred: 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 2024 income statement and balance sheet related to the sale of the season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. When should Ski West recognize revenue from the sale of its season passes? When should Ski West recognize revenue from the salo of ts season passes? \$ki West, Incorporated, operates a downhil ski area near Lake Tahoe, Calfornia. An all-day aduit iff ticket can be purchased for $85 Adult customers aiso can purchase a season pass that entitles the pass holder to siks any day during the season, which typically runs from December 1 through April 30 sia 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, 2024, Jake Lawson purchased a season pass for $445 Required: 1. When should Ski West recognize revenue from the sale of its season passes? 2. Prepare the appropriate journal entries that Sic West would record on November 6 and December 31 3. What will be included in the Ski West 2024 income statement and balance sheet reiated to the sale of the season pass to Jake Lowson? Complete this question by entering your answers in the tabs below. What will be included in the 5k West 2024 income statement and balance sheet related to the sale of the season pass to jake towson
