Question
Vaughn University sells 4,900 season basketball tickets at $198 each for its 12-game home schedule. Give the entry to record (a) the sale of the
Vaughn University sells 4,900 season basketball tickets at $198 each for its 12-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
(a) | enter an account title to record sale of season tickets | enter a debit amount | enter a credit amount |
enter an account title to record sale of season tickets | enter a debit amount | enter a credit amount | |
(To record sale of season tickets) | |||
(b) | enter an account title to record basketball ticket revenues earned | enter a debit amount | enter a credit amount |
enter an account title to record basketball ticket revenues earned | enter a debit amount | enter a credit amount |
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