Advance ticket sales totaling 6000000 cash would be

Reference no: EM13581355

1.Advance ticket sales totaling $6,000,000 cash would be recognized as follows:
A Debit Cash, credit Revenue Payable.
B Debit Unearned Revenue, credit Sales.
C Debit Sales, credit Unearned Revenue.
D Debit Unearned Revenue, credit Cash.
E Debit Cash, credit Unearned Revenue.

2.Unearned revenue is initially recognized with a:

A Debit to revenue payable.
B Credit to unearned revenue.
C Debit to unearned revenue.
D Debit to revenue.
E Credit to revenue.

3.The contract between the bond issuer and the bondholders, which identifies the rights and obligations of the parties, is called a(n):
A Mortgage
B Debenture
C Bond indenture
D Installment note
E Mortgage contract

Reference no: EM13581355

Questions Cloud

In addition include the tax benefits savings for the first : prepare a 500-750 word written response to the following in january 2010 salem corporation purchased 350000 of new

On april 2 2011 idaho mining co pays 3506670 for an ore : on april 2 2011 idaho mining co. pays 3506670 for an ore deposit containing 1417000 tons. the company installs

A company issued 10-year 8 bonds with a par value of 200000 : 1.a company issued 10-year 8 bonds with a par value of 200000. the company received 190000 for the bonds. using the

Assume that next year research in motion sells off its : assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.

Advance ticket sales totaling 6000000 cash would be : 1.advance ticket sales totaling 6000000 cash would be recognized as followsa debit cash credit revenue payable.b

Lopar company uses a predetermined overhead rate based on : lopar company uses a predetermined overhead rate based on direct labor dollars. lopar company estimated that its 20x9

On december 1 martin company signed a 5000 3-month 6 note : 1. on december 1 martin company signed a 5000 3-month 6 note payable with the principle plus interest due on march 1 of

Overhead applied to jobs during the period was 270000 : overhead applied to jobs during the period was 270000. actual overhead costs incurred were 268000. budgeted overhead

Compare teh payment of cash divididends stock dividends and : compare teh payment of cash divididends stock dividends and purchase of treasury stock from existing shareholders. what

User Account

All Pages