Set up T accounts for Cash, Unearned Ticket Revenue, and Ticket Revenue. Post the following two transactions

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Set up T accounts for Cash, Unearned Ticket Revenue, and Ticket Revenue. Post the following two transactions to the appropriate accounts, indicating each transaction by letter:

(a) Sold 1,500 season tickets at $30 each, receiving cash of $45,000.

(b) An end-of-period adjustment is needed to recognize that $35,000 in ticket revenue has been earned.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 09:39 AM

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Set up T accounts for Cash, Unearned Ticket Revenue, and Ticket Revenue. Post the following two transactions

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College Accounting

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