Register

Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when the tickets were sold?

Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when the tickets were sold?
asked 8.9k views
4 votes
Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when the tickets were sold?

asked
User Chris Pietschmann
by
7.8k points

1 Answer

6 votes
The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.
answered
User Edvaldo Silva
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!