Question


Marin University sells 4,200 season basketball tickets at $80 each for the entire 20-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.) 


Marin University sells 4,200 season basketball tickets at $80 each for the entire 20-game home schedule. Give the entry to re

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Answer #1
a
Account Titles and Explanation Debit Credit
Cash 336000 =4200*80
      Unearned Ticket Revenue 336000
b
Account Titles and Explanation Debit Credit
Unearned Ticket Revenue 16800 =336000/20
     Ticket Revenue 16800
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