Alpine Ski Resort sold 2,500 season passes at $800 before the start of the 2024 ski season.

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Question:

Alpine Ski Resort sold 2,500 season passes at $800 before the start of the 2024 ski season. The resort recognizes the revenue equally over the 6-month season which runs from November through April. Required: Record the initial sale of the 2,500 passes as of November 1st and the adjusting entry needed at December 31, 2024