Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during September, October and November. In September, three games were played. The adjusting journal entry at September 30
a. will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $80,000.
b. is not required. No adjusting entries will be made until the end of the season in November.
c. will include a debit to Cash and a credit to Ticket Revenue for $60,000.
d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during September, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Rebecca, a department manager, has been dealing with two workers in her department who do not get along. due to family problems for both employees, today they had a loud argument in the break room.
Answers (1)
Valorous Corporation will pay a dividend of $ 1.75 per share at this year's end and a dividend of $ 2.35 per share at the end of next year. It is expected that the price of Valorous' stock will be $ 40 per share after two years.
Answers (2)
In which of the following situations would you prefer to be the borrower? (A) The interest rate is 4 percent and the expected inflation rate is 1 percent. (B) The interest rate is 25 percent and the expected inflation rate is 50 percent.
Answers (1)
One of two methods must be used to produce expansion anchors. Method A costs $80,000 initially and will have a $15,000 salvage value after 3 years. The operating cost with this method will be $30,000 per year.
Answers (1)
Many of the recommendations as team leader to increase your team's productivity will likely result in significant change to the organization. You have been tasked to lead the change effort.
Answers (1)
New Questions in Business
Why did they give nba youngboy 10 years?
Answers (2)
Entrepreneurs usually do NOT make good: A. general managers. B. marketing decisions. C. financial decisions. D. production schedules.
Answers (2)
Your employer contributes $60 a week to your retirement plan. assume you work for your employer for another 20 years and the applicable discount rate is 9 percent. given these assumptions, what is this employee benefit worth to you today?.
Answers (1)
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000.
Answers (1)
Suppose you have a choice of working full-time during the summer or attending summer school full-time. Summer tuition and books are $3,000. If you worked, you could make $5,000. Your rent is $1,000 for summer, regardless of your choice.
Answers (1)