Swifty University sells 4,100 season basketball tickets at $240 each for its 15-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized by playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (To record sale of season tickets) (b) (To record basketball ticket revenues earned)

Swifty University sells 4,100 season basketball tickets at $240 each for its 15-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized by playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (To record sale of season tickets) (b) (To record basketball ticket revenues earned)

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 2CE: The Venice Theatre sold and collected cash of 45,000 for season tickets. Upon collection of cash,...

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