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3 years ago

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

Business

1 answer:

katen-ka-za [31]3 years ago

7 0

Answer:

Explanation:

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)

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