Gillespie enterprises inc. issued $26 million in new common stock.
b. cal state university received $20,000,000 cash for 80,000 five-game-season football tickets. none of the games have been played.
c. cal state played the first football game referred to in (b).
d. hall construction company signed a contract with a customer for the construction of a new $500,000 warehouse. at the signing, hall received a check for $50,000 as a deposit to be applied against amounts earned during the first phase of construction. answer from hall's standpoint.
e. a popular snowboarding magazine company received a total of $1,800 today from subscribers. the subscriptions begin in the next fiscal year. answer from the magazine company's standpoint. f. t-mobile sold a $100 cell phone plan for service in september to a customer who charged the sale on his credit card. answer from the standpoint of t-mobile.