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Lemur [1.5K]
3 years ago
13

Fugazi City College sold season tickets for the 2013 football season for $200,000. A total of 8 games will be played during Sept

ember, October and November. In September, three games were played. The adjusting journal entry at September 30:a. will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $80,000.b. is not required. No adjusting entries will be made until the end of the season in November.c. will include a debit to Cash and a credit to Ticket Revenue for $60,000.d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
Business
1 answer:
Igoryamba3 years ago
3 0

Explanation:

The adjusting journal entry is presented below:

On  September 30

Unearned ticket revenue A/c Dr $75,000

        To Ticket revenue A/c $75,000

(Being the unearned ticked revenue is recorded)

The computation is shown below:

= Season tickets sale value × number of games ÷ given number of gains

= $200,000 × 3 games  ÷ 8 games

= $75,000

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Thus, from the above we can conclude that the right answer is annual report.

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3 years ago
Rick prepared financial statements for MegaCorp knowing that it was going to use his statements to apply for a loan with Big Ban
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On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.

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3 years ago
The Japanese automobile manufacturer Mazda produces the Premacy SUV in Haikou, China at a plant it built in the Chinese province
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foreign direct investment

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6 0
2 years ago
Alex wilson and james lawrence are discussing the high price of crude oil in the global market.​ alex, a sociology professor who
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Answer:

Developing countries are using less oil because of substantial investments in renewable energy.

Explanation:

Solution

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4 0
3 years ago
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