bigpapam89 asked:


hey i have this accounting question that i dont know what i am suppossed to do for it.

The Shockers, a semi-professional baseball team, prepare financial statements on a monthly basis. Their season begins in april, but in march the team engaged in following transactions:

a) Paid $150,000 to wichita city as advance rent for the use of Wichita City Stadium for the six month period April 1 – September 30.

b) Collected $300,000 cash from sales of season tickets for the team’s 20 home games. This amount was credited to Unearned Ticket Revenue.

During the month of April, the Shockers played four home games and five road games.

Prepare the adjusting entries required at April 30 for the above transactions.

Please help with this question I have no idea what to do.. thanks in advance first person with the answer to it gets best answer

Craig