Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from 1/5/2020 to 31/8/2020. The journal entry for selling the 8,000
Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from 1/5/2020 to 31/8/2020. The journal entry for selling the 8,000 tickets on 1/5/2020 is: O a Debit Cash 160,000 and credit Sales revenue 160,000 . O b. Debit Cash 160,000 and credit Ticket revenue 160,000 OC. Debit Cash 160,000 and credit Service revenue 160,000 O d. Debit Cash 160,000 and credit unearned ticket revenue 160,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started