The Whitney Bluebirds football team sells a 15-game season ticket for $180. Assume that the team sells 2,000 season tickets on August 10. The tickets are all used for admission. a. Prepare a journal entry to record the sale of the season tickets on August 10. b. Prepare a journal entry to record one game of earned revenue on September 12. Round all answers to the nearest dollar. a. General Journal Date Description Debit Credit Aug.10 To record season tickets sales. b. General Journal Date Description Debit Credit Sept.12 To record ticket revenue earned.
The Whitney Bluebirds football team sells a 15-game season ticket for $180. Assume that the team sells 2,000 season tickets on August 10. The tickets are all used for admission. a. Prepare a journal entry to record the sale of the season tickets on August 10. b. Prepare a journal entry to record one game of earned revenue on September 12. Round all answers to the nearest dollar. a. General Journal Date Description Debit Credit Aug.10 To record season tickets sales. b. General Journal Date Description Debit Credit Sept.12 To record ticket revenue earned.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Whitney Bluebirds football team sells a 15-game season ticket for $180. Assume that the team sells 2,000 season tickets on August 10. The tickets are all used for admission.
a. Prepare a
b. Prepare a journal entry to record one game of earned revenue on September 12.
Round all answers to the nearest dollar.
a.
| General Journal | |||
|---|---|---|---|
| Date | Description | Debit | Credit |
| Aug.10 | |||
| To record season tickets sales. |
b.
| General Journal | |||
|---|---|---|---|
| Date | Description | Debit | Credit |
| Sept.12 | |||
| To record ticket revenue earned. |
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