Carson company sells sporting tickets in advance of the event for $500,000. The journal entry to record the sale is?

Question

Laceybabin2016idn Laceybabin2016idn

03-08-2022
Business

Answered

IDNLearn.com provides a comprehensive platform for finding accurate answers. Our experts are ready to provide prompt and detailed answers to any questions you may have.

Carson company sells sporting tickets in advance of the event for $500,000. The journal entry to record the sale is?

Sagot :

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.

Assume X Is Normally Distributed With A Mean Of 10 And A Standard Deviation Of 2. Determine The Following:(Round Your Answer To 5 Decimal Places.)Part 1: [tex]\

Select The Correct Answer.Ms. Thornton's Class Visited Five Freshwater Lakes To Learn More About The Crocodiles And Alligators Living In Them. The Class Counted

Select All The Correct Answers.The Table Gives The Numbers Of Teachers And Students In Grades 6 To 8 At Earhart Middle School.\begin{tabular}{|r|r|r|}\hline Gra

In The Context Of U.S. Political Campaign Finance Laws, What Are The Regulations And Restrictions Regarding Political Campaign Donations By Green Card Holders?

Bookwork Code: [tex]4C[/tex]A Bag Contains Only Pink Marbles And Purple Marbles. The Ratio Of Pink Marbles To Purple Marbles In The Bag Is [tex]1:3[/tex]. If Th

There Are 40 Girls And 32 Boys Who Want To Participate In The Relay Race. If Each Team Has The Same Number of Girls And Boys, What Will Be The Greatest Number

Name Orp Class·+4+=ete The Following Coordinates On The Graph (two Per Graph):2Math-Aids.ComA=(-2, 5) B= (2,-4) C= (5, -2) D= (-6, 8) E= (-4, 4) F= (5, -3) G= (

In Baking Recipes, What Considerations Should Be Made When Substituting Whole Wheat Flour For All-purpose Flour?

Find The Area Of A10cm Right Triangle 

Given: [tex]$\frac{A}{B}=\frac{5}{3}$[/tex]Calculate The Greater Number If The Arithmetic Ratio Of Both Is 10.A. 18B. 30C. 25D. 20E. 16

Jtwspartanqb15idn Jtwspartanqb15idn · Answer 1 · 2022-08-05T14:37:19-04:00

Jtwspartanqb15idn Jtwspartanqb15idn

05-08-2022

Answer: No journal entry is required

Explanation:

Answer Link

Smecloudbird17idn Smecloudbird17idn · Answer 2 · 2022-08-12T16:07:39-04:00

Carson company sells sporting tickets in advance of the event for $500,000. The journal entry to record and the sale transaction would include cash and credit unearned.

Account Debit Credit

Cash $500,000

Credit Unearned Ticket Revenue $500,000

Unearned revenue or credit is money received by an individual or company for a service or product that has yet to be provided or delivered. This includes the thought of as a prepayment for goods or services that a person or company is expected to supply to the purchaser at a later date.

Hence, Carson company sells sporting tickets where the debit cash $500,000 and credit unearned ticket revenue is $500,000

To learn more about Unearned revenue here:

https://brainly.com/question/14952769

#SPJ4

Sagot :

Other Questions