What is the amount of the debit and the credit

Reference no: EM133223891

Question - On 7/1/19, an entertainment company sells 200 annual passes to one of its amusement parks for $450 each. The park is open year-round.

Required -

A. In the 7/1/19 journal entry: Which account should be debited, and which account should be credited?

B. In the 12/31/19 adjusting journal entry: Which account should be debited, and which account should be credited?

C. What is the amount of the debit and the credit?

Reference no: EM133223891

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