Exercise 10-6 (Part Level Submission) Season tickets for the Dingos are priced a

Question

Exercise 10-6 (Part Level Submission) Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to unearned Ticket Revenue was $1,728,000. By t end of October, 1,188,000 of the Unearned Ticket Revenue had been recognized as revenue. ? (a) Your answer is correct. How many season tickets did the Dingos sell? Season tickets sold by Dingos SHOW LIST OF ACCOUNTSSHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used Your answer is correct. How many home games had the Dingos played by the end of October? Home games played by Dingos SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used Your answer is correct. Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit sh 1,728 Unearned Ticket Revenue 1,728,

Explanation / Answer

d Unearned Ticket revenue 108000 =1728000/16        Ticket revenue 108000

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