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 - Brief Exercises: BE10-4

Answer

a) Cash - 304,00 dollars (Debit) Unearned football ticket revenue - 304,000 dollars (Credit) b) Unearned football ticket revenue - 30,400 dollars (Debit) Football ticket revenue - 30,400 dollars (Credit)

Work Step by Step

a) To record sale of 3,800 season tickets b) To record football ticket revenues earned
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.