Sunshine Ski Slopes sells a ski season package for $900. The package includes a season pass...
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Sunshine Ski Slopes sells a ski season package for $900. The package includes a season pass that runs from Nov 1, 2021 through April 30, 2022 (6 months); the pass would normally sell for $700. In addition, the package includes a ski jacket that would typically sell for $200. And lastly, the package includes a 40% discount on a future purchase of merchandise at the gift shop, redeemable in 2022. | Sunshine expects 30% of the discounts to be redeemed on an average purchase of $100. Sunshine sold 100 season packages on Oct. 15, 2021. (round to the nearest $1) Instructions: Record the (1) sale of the packages on Oct 15 (YOU CAN IGNORE the recognition of Cost of Goods Sold) and (2) the adjustments made on Dec. 31. Be sure to show your work. Oct 15 Entry Acct and Amount Debit Account and Amount Debit Dec 31 Entry Acct and Amount Debit Account and Amount Debit Sunshine Ski Slopes sells a ski season package for $900. The package includes a season pass that runs from Nov 1, 2021 through April 30, 2022 (6 months); the pass would normally sell for $700. In addition, the package includes a ski jacket that would typically sell for $200. And lastly, the package includes a 40% discount on a future purchase of merchandise at the gift shop, redeemable in 2022. | Sunshine expects 30% of the discounts to be redeemed on an average purchase of $100. Sunshine sold 100 season packages on Oct. 15, 2021. (round to the nearest $1) Instructions: Record the (1) sale of the packages on Oct 15 (YOU CAN IGNORE the recognition of Cost of Goods Sold) and (2) the adjustments made on Dec. 31. Be sure to show your work. Oct 15 Entry Acct and Amount Debit Account and Amount Debit Dec 31 Entry Acct and Amount Debit Account and Amount Debit Sunshine Ski Slopes sells a ski season package for $900. The package includes a season pass that runs from Nov 1, 2021 through April 30, 2022 (6 months); the pass would normally sell for $700. In addition, the package includes a ski jacket that would typically sell for $200. And lastly, the package includes a 40% discount on a future purchase of merchandise at the gift shop, redeemable in 2022. | Sunshine expects 30% of the discounts to be redeemed on an average purchase of $100. Sunshine sold 100 season packages on Oct. 15, 2021. (round to the nearest $1) Instructions: Record the (1) sale of the packages on Oct 15 (YOU CAN IGNORE the recognition of Cost of Goods Sold) and (2) the adjustments made on Dec. 31. Be sure to show your work. Oct 15 Entry Acct and Amount Debit Account and Amount Debit Dec 31 Entry Acct and Amount Debit Account and Amount Debit Sunshine Ski Slopes sells a ski season package for $900. The package includes a season pass that runs from Nov 1, 2021 through April 30, 2022 (6 months); the pass would normally sell for $700. In addition, the package includes a ski jacket that would typically sell for $200. And lastly, the package includes a 40% discount on a future purchase of merchandise at the gift shop, redeemable in 2022. | Sunshine expects 30% of the discounts to be redeemed on an average purchase of $100. Sunshine sold 100 season packages on Oct. 15, 2021. (round to the nearest $1) Instructions: Record the (1) sale of the packages on Oct 15 (YOU CAN IGNORE the recognition of Cost of Goods Sold) and (2) the adjustments made on Dec. 31. Be sure to show your work. Oct 15 Entry Acct and Amount Debit Account and Amount Debit Dec 31 Entry Acct and Amount Debit Account and Amount Debit
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Journal entries October 15 Entry Total revenue from the sale 900 ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1259548185
8th edition
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
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