Problem 5 (optional). The following selected data are taken from the comparative financial statements of Alpine Curling Club. The Club prepares its financial statements using the accrual basis of accounting.

	9/30/2018	9/30/2017
Accounts receivable for member dues	$18,000	$11,000
Unearned ticket revenue	20,000	26,000
Dues revenue	148,000	135,000

Dues are billed to members based upon their use of the Club's facilities. Unearned ticket revenues arise from the sale of tickets to events such as the Skins Game.

Instructions

(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.)

Prepare journal entries for each of the following events that took place during 2018.

1. Dues receivable from members from 2017 were all collected during 2018.

2. Unearned ticket revenue at the end of 2017 was all earned during 2018.

3. Additional tickets were sold for $39,000 cash during 2018; a portion of these were used by the purchasers during the year. The entire balance remaining relates to the upcoming Skins Game in 2018.

4. Dues for the 2017-2018 fiscal year were billed to members.

5. Dues receivable for 2018 (i.e., those billed in item (4) above) were partially collected.