Business, 12.04.2021 23:10 antoinewill05
The following selected data are taken from the comparative financial statements of Pharoah Curling Club. The club prepares its financial statements using the accrual basis of accounting.
September 30 2022 2021
Accounts receivable for member dues $17,400 $10,700
Unearned sales revenue 20,500 26,100
Service revenue (from member dues) 146,400 131,500
Dues are billed to members based upon their use of the club’s facilities. Unearned sales revenues arise from the sale of tickets to events, such as the Skins Game.
Required:
Prepare journal entries for each of the following events that took place during 2022.
Answers: 2
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The following selected data are taken from the comparative financial statements of Pharoah Curling C...
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