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What is the balance in the company unearned revenue

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Reference no: EM132831314

Problem 1: McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcoming season and receives $960,000 cash. The season starts 01 January 2019; in total, six games are played during the season, one game on the first of each month. What is the balance in the company's unearned revenue account as of 30 April 2019? (Assume all season tickets were purchased before the 01 January 2019 game.)

A. $960,000
B. $320,000
C. $640,000
D. $480,000

Reference no: EM132831314

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