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Question 1 The following selected data are taken from the comparative financial statements of Yankee Curling Club. The club prepares its financial statements using the
Question 1 The following selected data are taken from the comparative financial statements of Yankee Curling Club. The club prepares its financial statements using the accrual basis of accounting September 30 Accounts receivable for member dues Unearned sales revenue Service revenue (from member dues) 2016 2017 $18,100 $10,000 19,700 26,300 142,200 135,400 Dues are billed to members based upon their use of the club's facilities. Unearned sales revenues arise from the sale of tickets to events, such as the Skins Game. Hint: You will find it helpful to use T-accounts to analyze the following data. You must analyze these data sequentially, as missing information must first be deduced before moving on. Post your journal entries as you progress, rather than waiting until the end.)
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