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Ski West, Incorporated, operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $90 Adult customers also can purchase a season pass that entitles the pass holder to sklany day during the season, which typically runs from December 1 through April 30. Ski West expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31 . On November 6, 2024, Jake Lawson purchased a season pas5 for $475 Required: 1. When should Ski West recognize revenue from the sale of its season passes? 2. Prepare the appropriate journal entries thot Ski West would record on November 6 and December 31. 3. What will be included in the Ski West 2024 income statement and bolance sheet related to the sale of the season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the recognition of revenue earned in December. Note: Enter debits before credits. Journal entry worksheet Record the cash collection. Note: Enter debits before credits

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