Ski West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift...

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Ski West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $

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Answer 1

Answer #1

1. Ski West should recognize revenue every month during the five-month period of the ski season beginning December, and ending April.

2.

Date	Account Titles	Debit	Credit
		$	$
Nov 6, 2018	Cash	450
	Unearned Revenue		450
Dec 31, 2018	Unearned Revenue	90
	Service Revenue		90

3. Income Statement : $ 90 Service Revenue

Balance Sheet : $ 360 Unearned Revenue ( Current Liabilities )

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Answer 2

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