Give the entry to record the revenue recognized after playing the first home gam

Question

Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Only these account titles work:

Accounts Payable

Accounts Receivable

Brief Exercise 10-4

Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule.

(a)

Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b)

Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Only these account titles work:

Accounts Payable

Accounts Receivable

Accumulated Depreciation-Equipment
Accrued Pension Liability
Bonds Payable
Buildings
Cash
Common Stock
Cost of Goods Sold
Current Portion of Long-Term Debt
Depreciation Expense
Discount on Bonds Payable
Dividends
Equipment
Federal Income Taxes Payable
Federal Unemployment Taxes Payable
FICA Taxes Payable
Gain on Bond Redemption
Income Tax Expense
Income Taxes Payable
Insurance Expense
Interest Expense
Interest Payable
Inventory
Land
Loss on Bond Redemption
Mortgage Payable
No Entry
Notes Payable
Other Operating Expenses
Payroll Tax Expense
Premium on Bonds Payable
Prepaid Insurance
Property Taxes Payable
Retained Earnings
Salaries and Wages Expense
Salaries and Wages Payable
Sales Revenue
Sales Taxes Payable
Service Revenue
Share Premium-Conversion Equity
State Income Taxes Payable
State Unemployment Taxes Payable
Subscription Revenue
Ticket Revenue
Unearned Rent Revenue
Unearned Sales Revenue
Unearned Service Revenue
Unearned Subscription Revenue
Unearned Ticket Revenue
Union Dues Payable
Warranty Liability ? C ii Seoure https eduqen.wierplus.com.eduqen/ti/manuni I, Accounting, Gc Briet Exercise 10-4 Chapter 10-Class Mea ssignment ting 1 online Erambla University sels 3,300 kctball tickst: at $80 cach for its 10-gamc home chedule. Glvc the entry to reccrd the sale of the aon tckets. (Credit account tities are automatically Indented hen anount is cntered. Do not Indent manuaity.) Do I Raviw 10-h Account Titles and Explanation Debit Credit Reyle?Score Reviw Results hy Sthady Obiectivue Give the entry to record the revenue recognized after playing the first home?ame. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Click if you would like to Shovw Work for this question: n Show Work Question Attempts: D ot 3 used avE A1 ?lype here to search

Explanation / Answer

General Journal Debit Credit (a) Cash(3,500 x $80) $280,000 Unearned Ticket Revenue $280,000 (b) Unearned Ticket Revenue($280,000 / 10) $28,000 Ticket Revenue $28,000

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