The Monks, a minor league baseball team, prepare financial statements on a monthly basis. Their season...

 

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The Monks, a minor league baseball team, prepare financial statements on a monthly basis. Their season begins in April, but in Man the team engaged in the following transactions: (a) (b) Paid $225,600 to San Diego as advance rent for use of San Diego Stadium for the six month period April 1 through September 30. Collected $451,200 cash from sales of season tickets for the team's 20 home games. This amount was credited to Unearned Ticket Revenue. During the month of April, the Monks played five home games and four road games. Prepare the adjusting entries required at April 30 for the transactions above. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accour titles and enter O for the amounts.) No. Account Titles and Explanation (a) Debit Credit (b) eTextbook and Media List of Accounts The Monks, a minor league baseball team, prepare financial statements on a monthly basis. Their season begins in April, but in Man the team engaged in the following transactions: (a) (b) Paid $225,600 to San Diego as advance rent for use of San Diego Stadium for the six month period April 1 through September 30. Collected $451,200 cash from sales of season tickets for the team's 20 home games. This amount was credited to Unearned Ticket Revenue. During the month of April, the Monks played five home games and four road games. Prepare the adjusting entries required at April 30 for the transactions above. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accour titles and enter O for the amounts.) No. Account Titles and Explanation (a) Debit Credit (b) eTextbook and Media List of Accounts

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