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Semmy [17]
3 years ago
8

Required information [The following information applies to the questions displayed below Kirkland Theater sells season tickets f

or six events at a price of $60. For the 2019 season, 3,370 season tickets were sold b-2. Record the journal entry to show the effect of presenting an event (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)b-2. Record the journal entry to show the effect of presenting an event. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
katrin [286]3 years ago
4 0

The journal entry is as follows

Unearned ticket revenue Dr  $33,700

       To Ticket revenue  $33,700

(Being the unearned ticked revenue is recorded)

The computation is shown below:

= Number of seasons sold × Price of six events ÷ number of events held

= 3,370 × $60 ÷ 6

= 3,370 × $10

= $33,700

So we debited the unearned ticket revenue and credited the ticket revenue

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Answer:

rights offer.

Explanation:

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rights offer in equity can be regarded as invitation given to shareholders that are still existing in the firm so that they can purchase new shares, which is additional shares in the firm at a specific price which is usually at a particular time usually like 16 to 30 days. It should be noted that An equity issue sold to the firm's existing stockholders is called a rights offer

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3 years ago
A market might have an upward-sloping long-run supply curve if A. firms have different costs. B. consumers exercise market power
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Answer:

Option A is correct

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Explanation:

Option A is correct

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Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm
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Answer:

The month of April

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Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.

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If you say $4500 at an interest rate of 13% per year, how much will you have at the end of seven years
SashulF [63]

Explanation:

I think it might be 5455$

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1 year ago
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pe
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Answer:

A. 2 books and 20 pencils

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