9.

Horton Enterprises performed services on July 30, billed the customer on August 3, and...

Question

9.

Horton Enterprises performed services on July 30, billed the customer on August 3, and received payment on September 7. The revenue
 should be recognized in
 A)August
 B)September
 C)December
 D)July

7.

Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8 games will be played
 during September, October and November. In September, two games were played. In October, three games were played. The balance in Unearned Revenue at
 October 31 is
 A)$40,000
 B)$100,000
 C)$0

D)$60,0003.

Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8 games will be played
 during September, October and November. Assuming all the games are played, the Unearned Revenue balance that will be reported on the December 31 balance
 sheet will be
 A)$160,000
 B)$60,000
 C)$0
 D)$100,000

i hope u can show me the steps or explain of the right answer.
 Thank you

David · Accepted Answer

聽Horton Enterprises performed services on July 30, billed the customer on August 3, and received payment on September 7. The revenue should be recognized in 
聽Horton Enterprises performed services on July 30, billed the customer on August 3, and received payment on September 7.

9. Horton Enterprises performed services on July 30, billed the customer on August 3, and received payment on September 7. The revenue should be recognized in A)August B)September C)December D)July 7....

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