Season tickets for the Dingos are priced at $340 and include 17 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,819,000. By the end of October, $1,284,000 of the Unearned Ticket Revenue had been recognized as revenue.
How many season tickets did the Dingos sell?
How many home games had the Dingos played by the end of
October?
Prepare the entry for the initial recording of the Unearned Ticket Revenue.
Prepare the entry to recognize the revenue after the first home game had been played.
Answer
Accounts title |
Debit |
Credit |
Cash |
$1,819,000 |
|
Unearned Ticket revenue |
$1,819,000 |
Accounts title |
Debit |
Credit |
Unearned Ticket revenue |
$1,284,000 |
|
Ticket revenue (earned) |
$1,284,000 |
Season tickets for the Dingos are priced at $340 and include 17 home games. An equal...
Season tickets for the Dingos are priced at $440 and include 22 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,464,000. By the end of October, $1,904,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos LINK TO TLXI LINK TO VIDEO How many home games had the...
Season tickets for the Dingos are priced at $280 and include 14 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,456,000. By the end of October, $936,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos eTextbook and Media List of Accounts How many home games had the...
Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,547,000. By the end of October, $952,000 of the Unearned Ticket Revenue had been recognized as revenue. (Ctrl) RCES How many season tickets did the Dingos sell? Season tickets sold by Dingos udy. SHOW LIST OF ACCOUNTS LINK TO TEXT...
Exercise 10-6 Season tickets for the Dingos are priced at $260 and include 13 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,547,000. By the end of October, $952,000 of the Unearned Ticket Revenue had been recognized as revenue. Prepare the entry to recognize the revenue after the first home game had been played. (CM Account Titles and Explanation Debit Credit
Kiesmel, Accounting, 6e Principles of Accoenting 2 Cus Season ticket s ter the Dr repced #3240 and ndde12hanegane. os An eouat neut er reven e s neva edat each gane n played when the seasonbeg n'he aroun 1826,000 ol the Uneanmed Ticket Revenue had been reoegnized as teverue How many season tickets did the Dingos se? Season tickets sold by Dingos 416,000 By the and of atober, How many home games had the Dingos slayed by the end of Oteber?...
collected $6,000,000 cash from sale of season tickets for the team's home games. The entire amount was initially recorded as unearned ticket revenue. during the month of May, the team played several home games at which $750,000 of the season tickets sold in April were used by fans.
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