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 1,200 season tickets at $20 each, receiving cash of $24,000.

(b) An end-of-period adjustment is needed to recognize that $19,000 in ticket revenue has beenearned.

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Lewis Music Store Work Shoot For Year Ended December 31, 20 -- AnAmn m ALANCE BALCE ST accaNT ME DFEDIT CRET DERT CREDII DEBIT 27000 00 13300 00 34 00 0 00 5,300 00 6100 00 3100 이00 52 000 00 Cash Accounts Recetvable Merchandise inventory 27 00 0 00 13 30 0 00 38 00 0 00 1500 00 1785 00 31 00 ol00 Supples Prepald nsurance Land Bulding Accum. Depr.Buding Store Equipment Accum, Dopr.-storo Equlpment Accounts Payable wages Payable Sales Tax Payablo Uneamed Rent Revenue Mortgage Payable H. Lonts, Capital H. Lonts, Drawing Income Summary Sales Sales Returns and Allowances Rent Revenue Purchases 52 00 0 00 17000 00 21 145 00 39000 00 39 00 0 00 119 0 이00 6250 00 14 875 00 6 250 00 875 00 6 200 00 6200 00 740이100 46 0 00 00 111 6 2000 3175 00 46 000 00 111 6 2 000 3700 이00 37 00 0 00 340 00 00 38000 00 136 0 00 00 136 0 0 0 00 3500 00 35 00 00 4225 00 30 000 00 30 0 00 00 2530 00 1975 00 Purchases Retums and Allowances Purchases Discounts Froighta Wages Expense Advertising Expense Supples Expense Teleptione Expense Utibes Expense insurance Experse Depr. Expense-Bulding Depr. Expense-Store Equipment Miscellaneous Expense 2530 00 1975 00 2650 00 420 00 00 4175 00 2650 00 42 8 75 00 4175 00 38 00 00 1980 00 794500 4315 00 4145 00 29 75 00 925 00 152 2 85 00 182 7 30 00 240 5 4 5 00 210 14 0 00 30 4 45 00 182 7 30 00 182 730 00 240 5 8 5 00 |240 5 8 5 00 1980 00 7945 00 925 00 346 875 00 346 87 5 00 Net Income 30 4 4 5 00