Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Bramble...

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Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Bramble considers revenue to be earned proportionately as each game is played, regardless of how many ticket-holders attend. For the journal entries below, use the following account abbreviations: REV = revenues; AR = Accounts Receivable; CASH = Cash; UNREV = unearned revenue; PRE= Prepaid tickets. • Show the journal entry to record the sale of the 3,500 season tickets. Debit: Credit: Show the journal entry to record the revenue recognized after Bramble's basketball team plays the first home game. Debit: Credit: • After the 3rd game is completed, how much total revenue will Bramble have recognized from the season tickets? • After the 6th game is completed, what is Bramble's remaining liability for unplayed games? Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Bramble considers revenue to be earned proportionately as each game is played, regardless of how many ticket-holders attend. For the journal entries below, use the following account abbreviations: REV = revenues; AR = Accounts Receivable; CASH = Cash; UNREV = unearned revenue; PRE= Prepaid tickets. • Show the journal entry to record the sale of the 3,500 season tickets. Debit: Credit: Show the journal entry to record the revenue recognized after Bramble's basketball team plays the first home game. Debit: Credit: • After the 3rd game is completed, how much total revenue will Bramble have recognized from the season tickets? • After the 6th game is completed, what is Bramble's remaining liability for unplayed games?

Answer rating: 100% (QA)

1 Debit Cash 280000 350080 28000 28000010 28000 Credit Unearn... View the full answer