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.
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