Question: Season tickets for the Cullumber are priced at $360 and include 18 home games. An equal amount of revenue is recognized after each game

Season tickets for the Cullumber are priced at $360 and include 18 


Prepare the entry to recognize the revenue after the first home game had been played. (List all debit entries before credit e  

 

Season tickets for the Cullumber are priced at $360 and include 18 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,232,000. By the end of October, $1,612,000 of the Unearned Ticket Revenue had been recognized as revenue. (a) Your answer is correct. How many season tickets did the Cullumber sell? Season tickets sold by Cullumber 6200

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a To calculate the number of season tickets sold we can divide the total unearned ticket revenue by ... View full answer

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