The following selected data are taken from the comparative financial statements of Yankee Curling Club. The club prepares its financial statements using the accrual basis of accounting. 

Dues are billed to members based upon their use of the club’s facilities. Unearned sales revenues arise from the sale of tickets to events, such as the Skins Game. 

Instructions 

a. Prepare journal entries for each of the following events that took place during 2022. 

1. Dues receivable from members from 2021 were all collected during 2022. 

2. During 2022, goods were provided for all of the unearned sales revenue at the end of 2021.

3. Additional tickets were sold for $44,000 cash during 2022; a portion of these were used by the purchasers during the year. The entire balance remaining in Unearned Sales Revenue relates to the upcoming Skins Game in 2022. 

4. Dues for the 2021–2022 fiscal year were billed to members. 5. Dues receivable for 2022 (i.e., those billed in item 4 above) were partially collected. 

b. Determine the amount of cash received by Yankee from the above transactions during the year ended September 30, 2022. 

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September 30 Accounts receivable for member dues Unearned sales revenue Service revenue (from member dues) 2022 2021 $ 15,000 $ 19,000 23,000 151,000 135,000