ACCOUNTING PRINCIPLES-W/WILEYPLUS
ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Chapter 11, Problem 4Q

(a)

To determine

Unearned Revenue: Revenue is the amount earned in exchange of good(s) or service(s). It is called unearned revenue when the revenue is received before the delivery of the related good or service.

To Record: The journal entry of tickets sold for games.

b.

To determine

To Record: The journal entry after each game.

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