Answer:
Vail Journal entries
Oct 1,2021
Dr Cash 100,000
Cr Deferred Revenue 100,000
December 31,2021
Dr Deferred Revenue 20,000
Cr Sales Revenue 20,000
January 2022
Dr Deferred Revenue 30,000
Cr Sales Revenue 30,000
February 2022
Dr Deferred Revenue 25,000
Cr Sales Revenue 25,000
March 2022
Dr Deferred Revenue 15,000
Cr Sales Revenue 15,000
Explanation:
Deferred revenue are can be seen as the amount of money which is been earned for good and service which are yet to be delivered which is why it is often recorded as a liability until the delivery of good and service has taken place in which it will then be converted into revenue or asset.
Sales revenue can be seen income which is been received by a company or organisation for service rendered.
Hilton's hhonors is an example of a sale promotion. The sale promotion is
specifically designed programs that encourage consumers to purchase a particular product or service and to retain customers by offering premiums or other incentives to customers who make multiple purchases over time. Teh sale promotion can be coupons, deals, premium,, samples, loyalty programs, <span>point-of-purchase (POP) displays, ...</span>
Answer:
The correct response will be "Credit sales revenue".
Explanation:
- Net credit sales would be costs that come by someone with an individual or attribute which enables on account receivables, minus the cost gross sales as well as sales pension contributions.
- Net loan transactions don't include any transactions about which money changes hands in cashback rewards.
So that the above would be the correct approach.