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 - Page 542: 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
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