Unformatted text preview: $250,000 Revenue $1,480,000 $1,132,000 Show journal entries for the net effect of the following events that took place during fiscal year 2005. a. All outstanding dues at the end of 2004 were collected from members. b. Unearned revenue at the end of 2004 was all earned in 2005. c. $350,000 in gift certificates were sold in 2005. Some, but not all of them were redeemed. d. Dues for fiscal 2005 were all billed to members. Some, but not all of the members paid their dues in 2005. From the text: E4-13, E4-14, P4-1B, P4-2B...
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- Fall '08
- Generally Accepted Accounting Principles, gift certificates, Unearned Revenue Revenue, Winchester Tennis Club, single revenue account