The following selected data are taken from the comparative financial statements of Yankee Curling Club. The club prepares its financial statements using the accrual basis of accounting.

September 3020172016

Accounts receivable for member dues.........................$ 15,000.......$ 19,000

Unearned sales revenue.............................................20,000.........23,000

Service revenue (from member dues)...........................151,000........135,000

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

Instructions

(a) Use the tabular summary that includes selected accounts and balances to record the following events that took place during 2017.

Dues receivable from members from 2016 were all collected during 2017.
2. During 2017, goods were provided for all of the unearned sales revenue at the end of 2016.
3. Additional tickets were sold for $44,000 cash during 2017; a portion of these were used by the purchasers during the year. The entire balance remaining in Unearned Sales Revenue relates to the upcoming Skins Game in 2017.
4. Dues of $151,000 for the 2016-2017 fiscal year were billed to members.
5. Dues receivable for 2017 (i.e., those billed in item 4 above) were partially collected.
b. Determine the amount of cash received by Yankee from the above transactions during the year ended September 30, 2017.

ities Stockholders' Equity Assets Retained Earnings + Rey,-Exp'. Div Cash + Accts. Rec. = Unearn,Sales Rev. 23,000 Com. Stock + Beg. Bal. 19,000 2 3 4 End. Bal 15,000 20,000