The Houston Mavericks Basketball Team Receives $6,500 for Season Tickets

question 78

Multiple Choice

The Houston Mavericks basketball team receives $6,500 for season tickets on August 1.By December 31,$3,900 of the revenue has been earned.The adjusting entry to be made on December 31 includes a:

• A)credit to Unearned Revenue of $3,900.
• B)debit to Unearned Revenue of $3,900.
• C)debit to Ticket Revenue of $3,900.
• D)credit to Prepaid Revenue of $2,600.

---

Definitions:

Statement Of Denial

A formal declaration made by a party in a legal proceeding, denying specific allegations made against them.

Secretary Of State

A high-ranking official in the government responsible for the foreign affairs portfolio, often overseeing diplomatic missions, signing treaties, and generally executing foreign policy.

Authority Limitation

Authority Limitation refers to any restrictions placed on the power or official capacity in which an individual or entity can act within legal or organizational contexts.

Real Property

Land and any permanent structures attached to it, such as buildings, homes, and other fixtures.