Ski West, Inc, operates a downhill ski area near Lake Tahoe, Calrfomm

Accounting Oct 23, 2020

Ski West, Inc, operates a downhill ski area near Lake Tahoe, Calrfomm. An all-day adult lift ticket can be purchased for $80 Adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1through 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 $920
Required:
1. When should Ski West recognize revenue horn the sale of Rs season passes,
2 Prepare the appropriate puma! entries that Ski West would record on November 6 a. December 31
3. What will be included in the Ski West 2021 income statement and balance sheet related to the .le of the season pass to Jake Lawson,

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