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View Policies Current Attempt in Progress Kingbird University sells 3,000 season basketball tickets at $40 each for the entir
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Answer #1

Answer:

Event Account title Debit Credit
(a) Cash [3000*40] $ 120,000
Unearned revenue $ 120,000
(To record unearned revenue of 10 games)
(b) Unearned revenue[120000/10] $    12,000
Sale Revenue $    12,000
(To record revenue recognized for first game)
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Answer #2

Event B is wrong fgrom answer #1.


Supposed to be

UNEARNED TICKET REVENUE

TICKET REVENUE:


not just sale revenue.

source: My homework score
answered by: Phuong
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