Jesses Pool sells a special family season pass package for $500. The package allows...
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Jesses Pool sells a special family season pass package for $ The package allows unlimited use of the indoor pool from Oct. to May months; the pass normally sells $ In addition, the purchaser gets towels that would normally sell for $ And lastly the package includes coupons that give off purchases of food while at Jesses Pool. It is expected that of the coupons will be used, and the average purchase would be $ Jessie sold packages on giving the passes, towels and coupons to the purchasers. By the end of the year, of the coupons had been redeemed Jessie records the revenue in adjusting entriesround to the nearest $ Instructions: Record the sale of the packages on Oct Be sure to show your work. Work required and graded Identify the Performance Obligations POs: What value is allocated to each of these POs Oct Entry Acct and Amount Debit Account and Amount Credit Record the adjusting entry as of Work for recognition of deferred revenue? Dec Entry Acct and Amount Debit Account and Amount Credit
Jesses Pool sells a special family season pass package for $ The package allows unlimited use of the indoor pool from Oct. to May months; the pass normally sells $ In addition, the purchaser gets towels that would normally sell for $ And lastly the package includes coupons that give off purchases of food while at Jesses Pool. It is expected that of the coupons will be used, and the average purchase would be $ Jessie sold packages on giving the passes, towels and coupons to the purchasers. By the end of the year, of the coupons had been redeemed Jessie records the revenue in adjusting entriesround to the nearest $
Instructions: Record the sale of the packages on Oct Be sure to show your work.
Work required and graded
Identify the Performance Obligations POs:
What value is allocated to each of these POs
Oct Entry Acct and Amount Debit Account and Amount Credit
Record the adjusting entry as of Work for recognition of deferred revenue?
Dec Entry Acct and Amount Debit Account and Amount Credit
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