You received partial credit in the previous attempt M3-12 Recording Accrual Basi

Question

You received partial credit in the previous attempt M3-12 Recording Accrual Basis Revenues [LO 3-3) The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeasterr United States a. Swing Hard collected $15,000 from customers for lesson services given in February b. Swing Hard sold a gift card for golf lessons for $150 cash in February c Swing Hard received $4,000 from services provided on account to customers in January. e. Swing Hard bills a customer $125 for services provided between February 25 and February 28. The billis to be paid in March. to record the above transactions. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first eccount field.) View Debit e R 15,000 15,000 Cash 150 Re Cash

Explanation / Answer

a Cash 15000       Lesson revenue 15000 b Cash 150       Unearned revenue 150 c Cash 4000       Accounts receivable 4000 d Cash 2250       Unearned revenue 2250 e Accounts receivable 125       Lesson revenue 125

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