On December 3, the Bengals sold a six-game pack of advance tickets for $3.240 cash, On...
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On December 3, the Bengals sold a six-game pack of advance tickets for $3.240 cash, On December 20, the Bengals played the first game of the six- game pack (this represented one-sixth of the advance ticket soles). Record the entry for the December 20 transaction: Multiple Choice Debit Cash $540, credit Ticket Revenue $540 Debit Prepaid Subscriptions $540, credit Ticket Revenue $540. Debit Prepaid Tickets $540, credit Unearned Revenue $540. Debit Uneamed Revenue $540, credit Cash $540. Debit Unearned Revenue $540, credit Ticket Revenue $540. On December 3, the Bengals sold a six-game pack of advance tickets for $3.240 cash, On December 20, the Bengals played the first game of the six- game pack (this represented one-sixth of the advance ticket soles). Record the entry for the December 20 transaction: Multiple Choice Debit Cash $540, credit Ticket Revenue $540 Debit Prepaid Subscriptions $540, credit Ticket Revenue $540. Debit Prepaid Tickets $540, credit Unearned Revenue $540. Debit Uneamed Revenue $540, credit Cash $540. Debit Unearned Revenue $540, credit Ticket Revenue $540.
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Correct option is e As he sold the tickets in advance he has the ... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Posted Date:
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