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How many season tickets did the Lame Ducks sell

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Problem - Season tickets for the Lame Ducks are placed at $230 and include 20 games. Revenue is recognized after each game is played. When the season began, the amount credited to Unearned Season Ticket Revenue was $1,104,000. By the end of October, $772,800 of the Unearned Season Ticket Revenue had been recorded as earned.

Required -

(a) How many season tickets did the Lame Ducks sell?

(b) How many home games had the Lame Ducks played by the end of October?

(c) Prepare the entry for the initial recording of the Unearned Season Ticket Revenue.

(d) Prepare the entry to recognize the revenue after the first home game had been played.

Reference no: EM133063931

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