Larkspur University sells 4,800 season basketball tickets at $ 60 each for the entire 15 -game home
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Question:
Larkspur University sells 4,800 season basketball tickets at $60 each for the entire 15-game home schedule.
(a)
Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title to record the sale of the season tickets | enter a debit amount | enter a credit amount |
enter an account title to record the sale of the season tickets | enter a debit amount | enter a credit amount |
(b)
Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
---|---|---|
enter an account title to record the revenue recognized after playing the first home game | enter a debit amount | enter a credit amount |
enter an account title to record the revenue recognized after playing the first home game | enter a debit amount | enter a credit amount |
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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