Southwestern City College Sold Season Tickets for the 2011 Football

question 49

Multiple Choice

Southwestern City College sold season tickets for the 2011 football season for $180,000.A total of 8 games will be played during September, October and November.In September, three games were played.The adjusting journal entry at September 30

• A)is not required.No adjusting entries will be made until the end of the season in November.
• B)will include a debit to Cash and a credit to Ticket Revenue for $45,000.
• C)will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $67,500.
• D)will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $60,000.

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Definitions:

Frequency

The rate at which a particular event or phenomenon occurs over a certain period or within a given sample.

Punishment

involves imposing a penalty for an offense, aiming to correct or deter undesirable behaviors.

Unpleasant Event

An occurrence that is disagreeable, distressing, or undesirable.

Decreases

Reductions or declines in numbers, size, strength, or another measurable factor.