alexeckman6094 alexeckman6094

03-11-2022
Business

Answered

Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.

1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.

Answer :

Other Questions

a five-year, $100,000, 4% note payable was issued on december 31, 20x4. the note requires principal payments of $20,000 plus interest due each year beginning de

Mackenzie is working on the yearly budget for her gift shop. She is very nervous because some months have been busier than others. She has also had some expense

the following table contains the number of complaints received in a department store for the first 6 months of operation: month complaints january 37 february

What is the correct definition of collateral for portional cosigners a the cosigners current financial situation be the cosigners pass record of paying on time

What is the rate of return when 20 shares of Stock A, purchased for $15/share, are sold for $340? The commission on the sale is $6. Rate of Return = [?] % Give

Ginger is a salesclerk at a large clothing store. Each day she helps customers buy clothes. She enters each sale on the computer and takes the payments. What ar

suppose company x sold a piece of equipment during the year. the equipment had been purchased five years ago for $10,000. at the time of the sale, $5,000 of dep

the table above gives costs at jan's bike shop. unfortunately, jan's record keeping has been spotty. each worker is paid $100 a day. labor costs are the only va

Which of the following is NOT a discussed result of conflict? O Lack of motivation OSmooth communication O Reduction in productivity O Loss of skilled workers

Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given