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    ValeriaM's Avatar
    ValeriaM Posts: 2, Reputation: 1
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    #1

    Jun 24, 2010, 02:06 PM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 24, 2010, 08:13 PM

    What is 1200/6 * $42.

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