Question

i almost finished all of it i just want to know if it is rigth, and also help in what I havent done

AutoSave O 2 B F Project 1 Basic Excel Wilhelm $20 2.1... Saved File Home Insert Draw Page Layout Formulas Data Review View Help Calibri === 11 AA Paste ABTUEA Clipboard Font General $ % 8 % Alignment s Number 146 1 P4-1A Record transactions on accrual basis, convert revenue to cash receipts 2. The following selected data are taken from the comparative financial statements of Yankee 3 Curling Club. The club prepares its financial statements using the accrual basis of accounting September 30 Accounts receivable for member dues Unned sales revenue Service revenue (from member dues) 2017 $ 15.000 20,000 151.000 2016 $ 19.000 23.000 135 000 10 Dues are billed to members based upon their use of the club's faces Ungarned sales 11 revenues arise from the sale of tickets to avots, such as the Skins Game 13 Instructions 1 it. You will find it helpful to use accounts to analyze the following data. You must 15 analyze these dala sequently, as missing information must first be deduced before 16 moving on) 17 (a) Use the table summary that includes selected accounts and balances to record the following events that took place during 2017 1 Dues receivable from members from 2016 were all collected during 2017 2 During 2017. goods were provided for all of the uncanned sales revenue at the end of 2016 3. Additional tickets were sold for $14.000 cash during 2017. a portion of these were used by the purchases during the year The entire balance remaining in Uneamed Sales Revente relates to the upcoming Skins Game in 2017 4 Dues of $151,000 for the 2016-2017 fiscal year were bed to members 5 Dues receivable for 2017 6 those bibed in tem (4) above) were partially collected Determine the amount of cash received by Yankee from the above transactions during the year onded Sember 30, 2017 2 NOTE: Enter a number in cells requesting a value enter either a number or a formula in cells with a YANKEE CURLING CLUB E O RI e I

Answer 1

b.	Cash received with respect to fees and dues:
						$
	1	Collection of 2016 dues				19000
	2	Sales of tickets				44000
	3	Collected from 2017 dues				136000
		Total				199000
	All other things are correct