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  • Jun 24, 2010, 02:06 PM
    ValeriaM
    Unearned revenue-ticket sales
    How do you compute a journal entry showing the effect of sale of season tickets on an event were tickets sales are 6 for $42 and 1200 were sold
  • Jun 24, 2010, 08:13 PM
    pready

    What is 1200/6 * $42.

    The journal entry is: Debit Cash and Credit Unearned Revenue for the amount

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