STARLIGHT CINEMA RECORDS WEEKLY CONCESSION SALES. WEEK 1 SHOWS: POPCORN $2,840, BEVERAGES $1,965, CANDY $1,195. PRESENT THE TOTAL REVENUE. CONCESSION ACCOUNTING - 6 POINTS] [GENERAL
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Starlight Cinema
![STARLIGHT CINEMA RECORDS WEEKLY
CONCESSION SALES. WEEK 1 SHOWS:
POPCORN $2,840, BEVERAGES $1,965,
CANDY $1,195. PRESENT THE TOTAL
REVENUE.
CONCESSION
ACCOUNTING - 6 POINTS]
[GENERAL](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61199ac3-7e5d-4dae-880c-efda36cd4205%2F7923ceda-48e4-4f2f-beee-d83564cbc28d%2Fx3nyh43_processed.jpeg&w=3840&q=75)
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- Required information The following information applies to the questions displayed below] A local theater company sells 1,300 season ticket packages at a price of $270 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities Stockholders' EquityRequired information Skip to question [The following information applies to the questions displayed below.] A local theater company sells 1,700 season ticket packages at a price of $300 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.)Required information [The following information applies to the questions displayed below.] A local theater company sells 1,650 season ticket packages at a price of $320 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities Stockholders' Equity (a) (b)
- Required information Skip to question [The following information applies to the questions displayed below.] A local theater company sells 1,700 season ticket packages at a price of $300 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)Required information [The following information applies to the questions displayed below.] A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) (a) (b) Assets 11 II Liabilities 25 Stockholders' EquityPlease provide correct answer general accounting question
- 1 F Required information [The following information applies to the questions displayed below.] A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. 2. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 A local theater company sells 1,500 season ticket packages at a price of $250 per package. Record the revenue after the first show. 2 Note: Enter debits before credits. Transaction (b) Record entry General Journal Clear entry Debit Credit View general journal 4??A company receiving payment of a $20,000 accounts receivable within 10 days with terms of 2/10, n/30, would record a sales discount of: Ca. 2% of $20,000 Ob. (100% -2%) x $20,000 Oc. (100 % - 10%) x $20,000 Od. 10% of $20,000
- Customer returns and allowances for department #620 came to $5,500. Gross sales in the department were $95,000. What percentage of merchandise sold was returned? Write answer to two decimal places with the % symbol, example 6.23%Unearned revenues-ticket sales Kirkland Theater sells season tickets for six events at a price of $378. For the 2022 season, 1,200 season tickets were sold. Required: Use the horizontal model (or write the journal entry) to show the effect of the sale of the season tickets. Use the horizontal model for write the journal entry) to show the effect of presenting an event. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?Provide the journal enteies with subsidairy record