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Answer to Question #259953 in Accounting for eeee

Question #259953

Pete’s Parasailing takes tourists on parasailing rides over South Beach in Miami, Florida. Parasailing tickets sell for $100 per customer. The company adjusts its accounts at the end of each year. Below are selected transactions from the year 20x5. 



1
Expert's answer
2021-11-01T17:54:56-0400

Debit payments by buyers credit sales account - 10000

Debit payments by buyers credit sales account - 1000 (adjustment of sales, additional accrual of revenue)


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