Homework Answers
Season tickets sold by Dingos = $1,547,000 / $260 = 5,950 tickets
Revenue per game = $1,547,000 / 13 = $119,000
Home games played by Dingos = $952,000 / $119,000 = 8
| Account Titles and Explanation | Debit | Credit |
| Cash | $1,547,000 | - |
| Unearned ticket revenue | - | $1,547,000 |
| (To record unearned ticket revenue) |
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Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games....
Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games....
Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,547,000. By the end of October, $952,000 of the Unearned Ticket Revenue had been recognized as revenue. Prepare the entry to recognize the revenue after the first home game had been played. (CM Account Titles and Explanation Debit Credit
Season tickets for the Dingos are priced at $440 and include 22 home games. An equal...
Season tickets for the Dingos are priced at $440 and include 22 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,464,000. By the end of October, $1,904,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos LINK TO TLXI LINK TO VIDEO How many home games had the...
Season tickets for the Dingos are priced at $280 and include 14 home games. An equal...
Season tickets for the Dingos are priced at $280 and include 14 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,456,000. By the end of October, $936,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos eTextbook and Media List of Accounts How many home games had the...
Season tickets for the Dingos are priced at $340 and include 17 home games. An equal...
Season tickets for the Dingos are priced at $340 and include 17 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,819,000. By the end of October, $1,284,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? How many home games had the Dingos played by the end of October? Prepare the entry for...
collected $6,000,000 cash from sale of season tickets for the team's home games. The entire amount...
collected $6,000,000 cash from sale of season tickets for the team's home games. The entire amount was initially recorded as unearned ticket revenue. during the month of May, the team played several home games at which $750,000 of the season tickets sold in April were used by fans.
Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule....
Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Retained...
Exercise 248 The Scarlet Pages, a semi-professional hockey team, prepare financial statements on a monthly basis....
Exercise 248 The Scarlet Pages, a semi-professional hockey team, prepare financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions: Paid $150,000 to Oklahoma City as advance rent for use of Oklahoma City Arena for the * six-month period October 1 through March 31. Collected $450,000 cash from sales of season tickets for the team's 30 home games. This 'amount increased Unearned Ticket Revenue. (e) During the month of...
Brief Exercise 10-4 Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game...
Brief Exercise 10-4
Bramble University sells 3,500 season
basketball tickets at $80 each for its 10-game home schedule.
(a)
Give the entry to record the sale of the season tickets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
(b)
Give the entry to record the revenue recognized after playing the
first home game. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually.)
Only these account titles work:
Accounts Payable...
Brief Exercise 10-4 Derby University sells 4,400 season basketball tickets at $280 each for its 11-game...
Brief Exercise 10-4
Derby University sells 4,400 season basketball tickets at $280 each
for its 11-game home schedule.
Give the entry to record (a) the sale of the season tickets and (b)
the revenue recognized by 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)
(b)
Brief Exercise 10-4 Derby University sells 4,400 season basketball tickets at $280 each for its 11-game...
Brief Exercise 10-4
Derby University sells 4,400 season basketball tickets at $280 each
for its 11-game home schedule.
Give the entry to record (a) the sale of the season tickets and (b)
the revenue recognized by 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)
(b)
Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,547,000. By the end of October, $952,000 of the Unearned Ticket Revenue had been recognized as revenue. Prepare the entry to recognize the revenue after the first home game had been played. (CM Account Titles and Explanation Debit Credit
Season tickets for the Dingos are priced at $440 and include 22 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,464,000. By the end of October, $1,904,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos LINK TO TLXI LINK TO VIDEO How many home games had the...
Season tickets for the Dingos are priced at $280 and include 14 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,456,000. By the end of October, $936,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos eTextbook and Media List of Accounts How many home games had the...
Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Retained...
Exercise 248 The Scarlet Pages, a semi-professional hockey team, prepare financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions: Paid $150,000 to Oklahoma City as advance rent for use of Oklahoma City Arena for the * six-month period October 1 through March 31. Collected $450,000 cash from sales of season tickets for the team's 30 home games. This 'amount increased Unearned Ticket Revenue. (e) During the month of...
Brief Exercise 10-4
Bramble University sells 3,500 season
basketball tickets at $80 each for its 10-game home schedule.
(a)
Give the entry to record the sale of the season tickets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
(b)
Give the entry to record the revenue recognized after playing the
first home game. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually.)
Only these account titles work:
Accounts Payable...
Brief Exercise 10-4
Derby University sells 4,400 season basketball tickets at $280 each
for its 11-game home schedule.
Give the entry to record (a) the sale of the season tickets and (b)
the revenue recognized by 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)
(b)
Brief Exercise 10-4
Derby University sells 4,400 season basketball tickets at $280 each
for its 11-game home schedule.
Give the entry to record (a) the sale of the season tickets and (b)
the revenue recognized by 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)
(b)
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