Question

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 Accounts Receivable Accumulated Depreciation-Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue Union Dues Payable Warranty Liability

? C ii Seoure https eduqen.wierplus.com.eduqen/ti/manuni I, Accounting, Gc Briet Exercise 10-4 Chapter 10-Class Mea ssignment ting 1 online Erambla University sels 3,300 kctball tickst: at $80 cach for its 10-gamc home chedule. Glvc the entry to reccrd the sale of the aon tckets. (Credit account tities are automatically Indented hen anount is cntered. Do not Indent manuaity.) Do I Raviw 10-h Account Titles and Explanation Debit Credit Reyle?Score Reviw Results hy Sthady Obiectivue Give the entry to record the revenue recognized after playing the first home?ame. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Click if you would like to Shovw Work for this question: n Show Work Question Attempts: D ot 3 used avE A1 ?lype here to search

Answer 1

	General Journal	Debit	Credit
(a)	Cash(3,500 x $80)	$280,000
	Unearned Ticket Revenue		$280,000
(b)	Unearned Ticket Revenue($280,000 / 10)	$28,000
	Ticket Revenue		$28,000