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Tomm Tomm
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6 years ago
On April 1, 2014 JetNew sells 1,000 round trip tickets to Montreal at $770 each. On May 25th 250 of these outstanding tickets are used. Prepare the required journal entries for JetNew.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925

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wrote...
6 years ago
April 1 Cash   $770,000
   Unearned Ticket Revenue      $770,000

May 25 Unearned Ticket Revenue   $192,500
   Ticket Revenue      $192,500
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