Check my work Exercise 6-2 (Algo) Service revenue (L06-3] Ski West, Inc, operates a downhill...
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Check my work Exercise 6-2 (Algo) Service revenue (L06-3] Ski West, Inc, operates a downhill ski area near Lake Tahoe, California. An all day adult lift ticket can be purchased for 580. Adult customers also can purchase a season pass that entities the pass holder to skiany 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, 2021, Jake Lawson purchased a season pass for $425 Required: 1. When should Ski West recognize revenue from the sale of its season passes? 2. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31 3. What will be included in the Sky West 2021 income statement and balance sheet related to the sale of the season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 When should Ski West recognize revenue from the sale of its season passes
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