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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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Brokerage firms make their profits primarily in which of the following ways? A) Consumer deposits. B) Government deposits. C) Di
Anastasy [175]
Brokerage firms make their profits primarily in : D. Fees commissions on sales or transfers

to put it simply, A brokerage firm is a financial institution that facilitates the selling process of stock/securities between the buyer and the seller. From each transaction that happen, a brokerage firm will receive a commission from its client.

hope this helps
5 0
3 years ago
Read 2 more answers
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
Adam borrowed money to buy a new car. The bank now has a lien on the car. What could happen if Adam doesn't make his payments on
larisa [96]
The correct answer is A The bank could sell the car.
The bank could take back the car and sell it to recover its money.

6 0
3 years ago
Read 2 more answers
On December 31, 2020, Flint Corporation sold for $150,000 an old machine having an original cost of $270,000 and a book value of
dalvyx [7]

Answer:

$105,547

Explanation:

Original cost of machine = $270,000

Machine sold for = $150,000

Book value = $120,000

Down payment = $30,000

$60,000 payable on December 31 each of the next two years .

Present value of an ordinary annuity of 1 at 9% for 2 years = 1.75911

The amount of the notes receivable net of the unamortized discount:

= Amount paid on December 31st ×  Present value of an ordinary annuity

= $60,000 × 1.75911

= $105,547

3 0
3 years ago
Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own word
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The syllogism used is conditional, that is, it occurs through deductive reasoning, because if the minor premise is true, the minor premise will also be true.

<h3 /><h3>What is Conditional syllogism?</h3>

It is a type of syllogism widely used in everyday life, but the conclusion is not always true, because despite having two true premises, the conclusion can be false, because the argumentation is not always valid, as it does not directly represent the premises.

Therefore, despite being syllogisms that follow the pattern of "If" and "then" to express a logic, the conclusion will not always be true, as this type of syllogism can also be hypothetical.

Find out more about syllogism here:

brainly.com/question/361872

7 0
3 years ago
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