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
List three staple convenience goods that you or someone you know buys on a regular basis
Answers (1)
Which is a way to pay for future college costs at todays rates A. Government bond B. 529 prepaid tuition plan C. 529 college savings plan D. Coverdell education savings account
Answers (2)
Holliday Company's inventory records show the following dа ta: Units Unit Cost Inventory, January 1 5,000 $9.00 Purchases: June 18 4,500 8.00 November 8 3,000 7.00 A physical inventory on December 31 shows 2,000 units on hand.
Answers (1)
Ormand Company uses variable costing for internal decision-making purposes and has the following information for June: Sales $900,000 Variable cost of goods sold 440,000 Fixed manufacturing costs 160,000 Variable selling and administrative expenses
Answers (1)
A theme park that wants to alert customers that the weather has cleared after a rainy morning and that customers can now buy two tickets for the price of one would use which type of social media?
Answers (1)
New Questions in Business
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)