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What is the entry that WFI should record

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Question - Water Fun Inc. (WFI) operates a water park and sells season passes to the water park where a customer can pay $225 for unrestricted access to the water park from May 1, 2021 to September 30, 2021. Customers must pay upfront for the season passes by May 1.

What is the entry that WFI should record at the time of sale and what is the entry for each month of the agreement?

Reference no: EM132903754

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