Intermediate Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (2nd Edition)
2nd Edition
ISBN: 9780134833118
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem 4.4MC
State University sold all of its basketball tickets to its students for 15 home games on September 30 for $1,200,000 (basketball season starts November 1). Assuming the college basketball team played six home games prior to year-end, what
a. Cash | 480,000 | |
Basketball Revenue | 480,000 | |
b. Unearned Revenue | 480,000 | |
Basketball Revenue | 480,000 | |
c. Unearned Revenue | 720,000 | |
Student Receivables | 720,000 | |
d. No journal entry necessary. |
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Chapter 4 Solutions
Intermediate Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (2nd Edition)
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