Pinegrove Trail Club Inc. applies ASPE and reports monthly. On 1 November it sold 6,000 of season passes, all for cash, for the four-month season running 1 November to 28 February; revenue is earned evenly by month. During November it also collected 3,400 of day-pass sales in cash. On 12 November it signed a 5,000 sponsorship agreement with a local brewery for a race in February; nothing has been received. On 25 November it received a 900 propane bill for November, unpaid at month end. Complete the three amounts for November.

Answer

Cash received in November → 9400 · Revenue earned in November → 4900 · Unearned revenue at 30 November → 4500

Cells - Cash received in November · ±0 - Revenue earned in November · ±0 - Unearned revenue at 30 November · ±0 Cash received = season passes 6,000 + day passes 3,400 = **9,400** (the sponsorship is a signed agreement with nothing received — no cash and no transaction). Revenue earned = day passes 3,400 + one month of the four-month passes, 6,000 ÷ 4 = 1,500, so **4,900**. Unearned revenue at 30 November = 6,000 − 1,500 = **4,500**, the three months still owed. The $900 propane bill is an expense of November and a payable; it touches neither cash received nor revenue.

AFM 191 research §8 (reading-comprehension reviews); concept map B10, O8, C7; Hermanson Vol 1 ch 2 (transaction-analysis shape)