Show the effect of presenting an event

Assignment Help Financial Accounting

Reference no: EM13177705

Kirkland Theater sells season tickets for six events at a price of $252. For the 2010 season, 1,200 season tickets were sold.

Required:

a. Use the horizontal model (or write the journal entry) to show the effect of the sale of the season tickets.

b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.

c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?

Reference no: EM13177705

Questions Cloud

Determine garage capacity : short-term parkers and all-day parkers with respective demand curves of Ps=3-(Qs/200) and Pc=2-(Qc/200). Here P is the average hourly rate and Q is the number of cars parked at this price. The garage owner is considering charging different prices ..

Estimate the cost of the tution : Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.

Compute welchs gross pay-payroll deductions : Compute Welch's gross pay, payroll deductions, and net pay for the full year 2012. Round all amounts to the nearest dollar and compute United's total 2012 payroll expense for Welch.

Explain the general formula for the sample average : Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other.

Show the effect of presenting an event : Use the horizontal model (or write the journal entry) to show the effect of the sale of the season tickets, use the horizontal model (or write the journal entry) to show the effect of presenting an event.

What is the amount of 10 equal annual deposits : What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 6% per year over the previous years rate if..

Prepare the journal entries to record issuance of the bonds : The payment of interest and the related amortization on July 1, 2012, the accrual of interest and the related amortization on December 31, 2012.

What conditions would optimize the surfactin production : Analyze the residuals from this experiment. Are there any indications of model inadequacy or violations of the assumptions?

Derive the demand for bonds : What happens to the interest rate if the money supply increases from 20 to 30? Illustrate your answer graphically. What happens to the interest rate if nominal income increases by 10%? If the Federal Reserve Bank wants to increase the interest rate ..

User Account

All Pages