Ask Question
17 December, 15:29

Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule.

(a) Give the entry to record the sale of the season tickets

(b) Give the entry to record the revenue recognized after playing the first home game.

+1
Answers (1)
  1. 17 December, 17:21
    0
    The journal entries are shown below:

    a. Cash A/c Dr $1,239,000 (5,900 seasons * $210)

    To Unearned basket ball tickets revenue $1,239,000

    (Being the sale of the season tickets are recorded)

    b. Unearned basket ball tickets revenue $103,250 ($1,239,000 : 12)

    To basket ball tickets revenue $103,250

    (Being the revenue recognized)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule. (a) Give the entry to record the sale ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers