Monday 19 September 2016

Season tickets for the Wildcats are priced at $420 and include 21 home games. An equal amount of revenue is recognized after each game is played

Season tickets for the Wildcats are priced at $420 and include 21 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,352,000. By the end of October, $1,680,000 of the Unearned Ticket Revenue had been recognized as revenue.
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How many season tickets did the Wildcats sell?
Season tickets sold by Wildcats
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How many home games had the Wildcats played by the end of October?
Home games played by Wildcats
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Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
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Entry field with correct answer
Entry field with correct answer
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Entry field with correct answer
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Prepare the entry to recognize the revenue after the first home game had been played. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
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Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer


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