The following selected data are taken from the comparative financial statements of American
Curling Club . The club prepares its financial statements using the accrual basis of accounting .
Dues are billed to members based upon their use of the club ' s facilities . Unearned sales
revenues arise from the sale of tickets to events , such as the Skins Game .
Instructions
( Hint : You will find it helpful to use T-accounts to analyze the following data . You must
analyze these data sequentially , as missing information must first be deduced before
moving on . Post your journal entries as you progress , rather than waiting until the end .)
( a ) Prepare journal entries for each of the following events that took place during 2014 .
1 . Dues receivable from members from 2013 were all collected during 2014 .
2 . During 2014 , goods were provided for all of the unearned sales revenue at the end
of 2013 .