The following transactions took place at sonoma auto parts and custom shop during the first week of july. date transactions july 1 purchased batteries for $1,890 plus a freight charge of $95 from batteries plus corporation; received invoice 6812, dated june 27, which has terms of n/30. 3 purchased mufflers for $4,250 plus a freight charge of $99 from performance mufflers; received invoice 441, dated june 30, which has terms of 1/10, n/60. 5 purchased car radios for $2,470 plus freight of $127 from harbor sounds shop, inc.; received invoice 5601, dated july 1, which has terms of 2/10, n/30. 10 purchased truck tires for $6,270 from specialty tire company; received invoice 1102, dated july 8, which has terms of 2/10, n/30. indicate how these transactions would be entered in a purchases journal.

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. 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 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine 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, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?