aricketts3901
30.10.2021 •
Business
How much to distribute amongst shareholders to keep them satisfied?
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Ответ:
a. Paid $1,200,000 to the municipal stadium as advance rent for use of the facilities for the five-month period from May 1 through September 30. This payment was initially recorded as Prepaid Rent.
May 31, 202x, rent expense
Dr Rent expense 240,000
Cr Prepaid rent 240,000
b. Collected $4,500,000 cash from the sale of season tickets for the team’s home games. The entire amount was initially recorded as Unearned Ticket Revenue. During the month of May the Golden Goals played several home games at which $148,800 of the season tickets sold in April were used by fans.
May 31, 202x, accrued revenue
Dr Unearned ticket revenue 148,800
Cr Ticket revenue 148,800