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Brief Exercise 11-4 Derby University sells 4,500 season basketball tickets at $252.00 each for its 14-game home schedule.

Brief Exercise 11-4

Derby University sells 4,500 season basketball tickets at $252.00 each for its 14-game home schedule.

Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized by playing the first home game.

Top Answer

Entry: a) Sale of the season tickets: Cash                       Dr.... View the full answer

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Other Answers

(a) mmddyy Cash Dr $1,134,000  Sales Advance... View the full answer

To record the sale, debit to cash and credit to unearned... View the full answer

Journal entry Journal entry refers to the recording of a transaction into... View the full answer


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