Chapter 11- Homework 0' v2.cengagenow.com Chapter 11- Homework 1. EX.1101 .EX.11-02 . EX.11-03 . EX.11-04 . EX.11-05 . EX.11-06 . EX.11-07 . MP.11-01 . MP.11-02 10. MP.11-03 11. MP.11-04 12. MPH-05 Progress: 2/12 items Assignment Score: 24.48% CengageNOWvZ | Online X t Search Results | Course t X C Chegg Search Lesson 12: Building Cust: X a ' Mail - Ocegueda, Skie - ( (l1 eBook On October 31, the Vermillion Igloos Hockey Club received $800,000 in cash in advance for season tickets for eight home games. The transaction was recorded as a debit to Cash and a credit to Unearned Admissions. By December 31, the end of the scal year, the team had played three home games and received an additional $450,000 cash admissions income at the gate. a. Journalize the adjusting entry as of December 31. 20-- Adjusting Entries Dec. 31 Unearned Admlssions Feedback V Check My Work In order to adjust a revenue account, the amount earned needs to be taken from the related liability to the appropriate revenue account by recording an entry in the general journal. b. List the title of the account and the related balance that will appear on the income statement, 4:] Admis ions Income V J Feedback v Check My Work The title of the account will be exactly the same as it is listed on the chart of accounts. Remember, for adjusting entry-related accounts, revenue accounts are ( Previous Next ) Submit Assignment for Grading My Work All work saved. Chapter 11- Homework CengageNOWVZ | Online X t Search Results | Course t X C Chegg Search Lesson 12: Building Cusu X a ' Mail - Ocegueda, Skie - f C' v2.cengagenow.com i'i Chapter 11- Homework eBook In order to adjust a revenue account, the amount earned needs to be taken from the related lia 'ity to the appropriate revenue account by recording an entry in 1- EX'11'01 the general journal. . EX.11-02 b. List the title of the account and the related balance that will appear on the income statement. Admis ions Income V J E Feedback . EX.11-O3 . EX.11-O4 . EX.11-05 v Check My Work . EX.11-06 The title of the account will be exactly the same as it is listed on the chart of accounts. Remember, for adjusting entry-related accounts, revenue accounts are EX 11_07 listed on the Income Statement and asset and liability accounts are listed on the Balance Sheet. . MP.11-01 e c. List the title of the account and the related balance that will appear on the balance sheet. Unearned Admissions V J $:] X . MP.11-02 10. MP.11-03 Feedback 11 . MP. 1 1 -04 V Chock My Work 12. MPH-05 As on b. The title of the account wlll be exactly the same as it Is llsted on the chart of accounts. Remember, for adjustlng entryrelated accounts, revenue accounts are listed on the Income Statement and asset and liability accounts are listed on the Balance Sheet. Progress: 2/12 items ( PreVIous Next ) Assignment Score: 24.48\"]. All work saved. Submit Assignment for Grading