Coronado City College sold season tickets for the 2020 football season for $324000. A total of 8 games will be played duringSeptember, October and November. In September, three games were played. The adjusting journal entry at September 30will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $121500.will include a debit to Cash and a credit to Ticket Revenue for $81000.O will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $108000.O is not required. No adjusting entries will be made until the end of the season in November.

Accrual system of accounting says that every thing which is accrued has to be provided in books of…

Answered: Coronado City College sold season…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 8DQ

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