Seved et 6 Algorithmic Exercises w HINTS 23,9,10,15,17,2 Ski West, Inc., operates a downhill ski area near Lake Tahoe California An all-day adult lift ticket can be purchased for $70 Adul customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs fr 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 $370 Required 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 Sko 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 Required 2 Fequired 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 Amount Amount remaining balance in 5 Algorithmic Exercises w HINTS 23.9.10.15.17.2 Ski West, Inc, operates a downhill ski area near Lake Tahoe, California. An all day adult lift ticket can be purchased for $70. Adult customers also can purchase a season ass that entities the pass holder to skiany 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, 2021, Jake Lawson purchased a season pass for $370 Required: 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 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 Required 2 Required 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? Amount Amount included in remaining balance in Prey 1 of 8 BH Next > On November 6, 2021, Jake Lawson purchased a season pass for $370 Required: 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 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 Required 2 Required 3 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.) View transaction list 1 Record the cash collection 2 Record the recognition of revenue earned in December Prev 1 of B !! Next > th