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Question 1. True or false: If revenues increase, that also means that retained earnings would increase. True False Question 2 The Sounders sell a
Question 1. True or false: If revenues increase, that also means that retained earnings would increase. True False Question 2 The Sounders sell a ticket to a game on 3/21. The ticket is for the game on 3/21. The customer pays with cash. What is the journal entry that the Sounders needs to record on the day it sells the ticket (3/21)? Debit [Select] Credit Select] 1 pts 1 pts The Sounders sell a ticket to a game on 2/20. Th ticket is for the game on 3/21. The customer pays with cash. What is the journal entry that the Sounders needs to record on the day it sells the ticket (2/20)? Debit Cash Credit [Select] Cash Revenue Unearned revenue Accounts receivable Prepaid expense
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