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1 5 Dos Swed Ski West, Inc, operates a downhill ski area near Lake Tahoe, California. An all-day adult bift ticket can be purchased for $75 Adult customers also can purchase a season pass that entitles the pass holder to ski any 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 5400 Required: 1. When should Ski West recognize revenue from the sale of its season posses? 2. Prepare the appropriate journal entries that S 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? complete this question by entering your answers in the tabs below Required 1 ved Mesured Prepare the appropriate me that we would record on November and December 31 on the smaltin the Chec 1 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Required 3 Swoped When should ski West recognize revenue from the sale of its season passes? eBook When should SW West recognize revenue from the sale of its season passes? Hire Required 2 > Reference compresor Oy Cry your answers HELOUS W. 1 Required 1 Required 2 Required Ants Prepare the appropriate journal entries that Ski West would record on November 6 and December 31. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Shipped View transaction list book Hint Journal entry worksheet A 1 2 References Record the cash collection Note: Enter debit before credite General Journal Debit Credit Date November 06 3 1 Journal entry worksheet Record the recognition of revenue earned in December ped pok Note: Enter debits before credits. nt General Journal Debit Credit sk Date December 31 2021 ences Record entry Clear entry View general Journal 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Opped 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 Book Hint Amount Amount included in remaining balance in