A Baseball Team Records Ticket Revenue Received in Advance as Unearned

question 53

Multiple Choice

A baseball team records ticket revenue received in advance as Unearned Revenue. On the team's work sheet, the required adjusting entry is

• A) debit Cash; credit Unearned Revenue.
• B) debit Revenue; credit Unearned Revenue.
• C) debit Unearned Revenue; credit Cash.
• D) debit Unearned Revenue; credit Revenue.
• E) debit Cash; credit Unearned Revenue Income.

---

Definitions:

Customer Responsiveness

An organization's ability to listen, understand, and take appropriate action regarding customer needs and requests promptly.

Competitive Advantage

The unique attributes or conditions a company possesses that enable it to outperform its competitors.

Resource Effectiveness

The efficient and effective use of resources to achieve desired outcomes and objectives.

Nonprofit Sector

A segment of the economy consisting of organizations that operate primarily for purposes other than making a profit, focusing on social, charitable, cultural, educational, or community-oriented goals.