Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 10 - Reporting and Analyzing Liabilities - Questions - Page 541: 4

Answer

Step1: Cash 810,000 dollars Unearned Football Ticket revenue 810,000 dollars Step2: Unearned Football Ticket revenue 162,000 dollars Football Ticket revenue 162,000 dollars

Work Step by Step

Step1: To record sale of 9,000 season tickets Step2: To record football ticket revenues earned
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