Question
Season tickets for the Dingos are priced at $300 and include 15 home games. An equal amount of revenue is recognized after each game is
Season tickets for the Dingos are priced at $300 and include 15 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,575,000. By the end of October, $1,050,000 of the Unearned Ticket Revenue had been recognized as revenue.
How many season tickets did the Dingos sell?
Season tickets sold by Dingos | enter amount season tickets sold by Dingosenter amount season tickets sold by Dingos |
List of Accounts
How many home games had the Dingos played by the end of October?
Home games played by Dingos | enter amount home games played by Dingosenter amount home games played by Dingos |
List of Accounts
Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account titleenter an account title | enter a debit amountenter a debit amount | enter a credit amountenter a credit amount |
enter an account titleenter an account title | enter a debit amountenter a debit amount | enter a credit amountenter a credit amount |
List of Accounts
Prepare the entry to recognize the revenue after the first home game had been played. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account titleenter an account title | enter a debit amountenter a debit amount | enter a credit amountenter a credit amount |
enter an account titleenter an account title | enter a debit amountenter a debit amount | enter a credit amountenter a credit amount |
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