3 . Southeastern Louisiana University sold season tickets for the 2006 football
ID: 2365541 • Letter: 3
Question
3. Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8 games will be played during September, October and November. Assuming all the games are played, the Unearned Revenue balance that will be reported on the December 31 balance sheet will be A)$160,000B)$60,000
C)$0
D)$100,000
If you know the right answer ,plz explain thanksss 3. Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8 games will be played during September, October and November. Assuming all the games are played, the Unearned Revenue balance that will be reported on the December 31 balance sheet will be A)$160,000
B)$60,000
C)$0
D)$100,000 Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8 games will be played during September, October and November. Assuming all the games are played, the Unearned Revenue balance that will be reported on the December 31 balance sheet will be
If you know the right answer ,plz explain thanksss
Explanation / Answer
Unearned revenue will be 0 because all the games will be played before the end of the year. i.e 31st December.
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