Homework Answers
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) |
Event B is wrong fgrom answer #1.
Supposed to be
UNEARNED TICKET REVENUE
TICKET REVENUE:
not just sale revenue.
Add Answer to:
View Policies Current Attempt in Progress Kingbird University sells 3,000 season basketball tickets at $40 each...
Washburn University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. (a)...
Washburn 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.)
Account Titles and Explanation
Debit
Credit
(b) Give the entry to record the
revenue recognized after playing the first home game. (Round answers to 0 decimal places, e.g. 125.
Credit account titles are automatically indented when amount is
entered....
Marin University sells 4,200 season basketball tickets at $80 each for the entire 20-game home schedule....
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.)
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)
Bramble University sells 3,200 season basketball tickets at $45 each for the entire 10 game home...
Bramble University sells 3,200 season basketball tickets at $45 each for the entire 10 game home schedule. Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not inden Account Titles and Explanation Debit Credit Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amour Account Titles and Explanation Debit Credit eTextbook and Media
Marin University sells 4,200 season basketball tickets at $80 each for the entire 20-game home schedule....
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 amoun Account Titles and Explanation Debit Credit (b) Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatica manually.) Account Titles and Explanation Debit Credit Open Show Work Click if you would like to Show Work...
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...
"iew Policies Current Attempt in Progress Pina Colada University sells 3,200 season basketball tickets at $45...
"iew Policies Current Attempt in Progress Pina Colada University sells 3,200 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 causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was...
Swifty Corporation borrows $63.600 on July 1 from the bank by signing a S63.600, 6%, 1-year...
Swifty Corporation borrows $63.600 on July 1 from the bank by signing a S63.600, 6%, 1-year note payable (a) Prepare the journal entry to record the proceeds of the note. (Credit occount titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year. (Credit account...
Seal Canyon University sells 6,900 season basketball tickets at $45 each for the entire 10-game home...
Seal Canyon University sells 6,900 season basketball tickets at $45 each for the entire 10-game home schedule. Give the entry to record the sale of the season tickets. Account Titles and Explanations Debit Credit Give the entry to record the revenue recognized after playing the first home game. Account Titles and Explanations Debit Credit
Washburn 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.)
Account Titles and Explanation
Debit
Credit
(b) Give the entry to record the
revenue recognized after playing the first home game. (Round answers to 0 decimal places, e.g. 125.
Credit account titles are automatically indented when amount is
entered....
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)
Bramble University sells 3,200 season basketball tickets at $45 each for the entire 10 game home schedule. Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not inden Account Titles and Explanation Debit Credit Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amour Account Titles and Explanation Debit Credit eTextbook and Media
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 amoun Account Titles and Explanation Debit Credit (b) Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatica manually.) Account Titles and Explanation Debit Credit Open Show Work Click if you would like to Show Work...
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...
"iew Policies Current Attempt in Progress Pina Colada University sells 3,200 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 causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was...
Swifty Corporation borrows $63.600 on July 1 from the bank by signing a S63.600, 6%, 1-year note payable (a) Prepare the journal entry to record the proceeds of the note. (Credit occount titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year. (Credit account...
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