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 adjusting entry on 31/5/2020 is. O
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 adjusting entry on 31/5/2020 is. O a Dr. Unearned Ticket revenue 40,000 and Cr Ticket revenue 40,000 O b. Dr. Ticket revenue 40,000 and Cr unearned revenue 40.000 c. Dr. Unearned Ticket revenue 120,000 and Cr Ticket revenue 120,000 Od Dr. Ticket revenue 120,000 and Cr unearned revenue 120,000
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