Current Attempt in Progress

The following selected data are taken from the comparative financial statements of Sheridan 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.

$($Hint: You will find it helpful to use T$-$accounts to analyze the following data. You must analyze these data sequentially, as missing

information must first be deduced before moving on$.$ Post your journal entries as you progress, rather than waiting until the end.$)$

$($a$)$

Your answer is correct.

Prepare journal entries for each of the following events that took place during $2025.($List all debit entries before credit entries. If no

entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when

the amount is entered. Do not indent manually.$)$

Dues receivable from members from $2024$ were all collected during $2025.$

During $2025,$ goods were provided for all of the unearned sales revenue at the end of $2024.$

Additional tickets were sold for $$38,300$ cash during $2025$ ; 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 $2025.$

Dues for the $2024-2025$ fiscal year were billed to members.

Dues receivable for $2025($i$.$e$.,$ those billed in item $4$ above$)$ were partially collected.

$($b$)$

Your answer is incorrect.

Determine the amount of cash received by Sheridan from the above transactions during the year ended September $30,2025.$

Cash received by Sheridan, September $30,2025$$

eTextbook and Media