Question: Styles BE10.2 (LO 1) AP The Brampton Bullet hockey team sold 2,000 tickets at $120 each for its six-game home schedule. Prepare the entry to

 Styles BE10.2 (LO 1) AP The Brampton Bullet hockey team sold

Styles BE10.2 (LO 1) AP The Brampton Bullet hockey team sold 2,000 tickets at $120 each for its six-game home schedule. Prepare the entry to record (a) the sale of the season's tickets and (b) the revenue recognized upon playing the first home game. Journalize unearned revenue BE10.3 (LO 1) AP Satterfield publishes a monthly music magazine, Discover, Subscriptions to the magazine cost $18 per year. During November 2021, Satterfield sells 15,000 subscriptions beginning with the December issue. Satterfield prepares financial statements quarterly and recognizes subscription revenue on magazines sold at the end of the quarter. The company uses the accounts Unearned Revenue and Revenue. Prepare the entries to record (a) the receipt of the subscriptions and (b) the adjusting entry at December 31, 2021, to record the revenue to be recognized in December 2021. Journalize unearned revenue BE10.4 (LO 1) AP Rabbitt Enterprises borrows $60,000 from LowLand Trust Coon July 1, 2021 signing a 4%, one year note payable. Interest is to be paid at maturity. Prepare journal entries for Rabbitt Enterprises to record: (a) the receipt of the proceeds of the note; (b) the accrued interest at December 31, assuming adjusting entries are made only at year end; and (c) the payment of the note at maturity. Record note payable. (C) Drocus Wed States

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