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The Astros baseball team has a beginning balance for September in its Unearned Revenue account of $15,000. What is the Astros ending Unearned Revenue balance
The Astros baseball team has a beginning balance for September in its Unearned Revenue account of $15,000. What is the Astros ending Unearned Revenue balance at the end of September after all entries and adjusting entries for the year? The Astros has the following transactions for September Received $7,000 of cash for pre-orders on season tickets for 2024. Sold $80,000 of t-shirts to youth sport teams and cost of inventory of these shirts was $30,000. The youth sport teams will pay the Astros in December. Played the 10 games during September for total ticket sales of $70,000. Of this amount, $10,000 was related to pre-sale season tickets. The Astros had received the $10,000 in cash in an earlier month and
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