Question: Brief Exercise 11-04 Your answer is partially correct. Try again. Lily University sells 4,200 season basketball tickets at $224 each for its 14-game home schedule.

Brief Exercise 11-04 Your answer is partially correct. Try again. Lily University sells 4,200 season basketball tickets at $224 each for its 14-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized by playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Cash Debit Credit $940,800.00 $940,800.00 Unearned Service Revenue (To record sale of season tickets) (b) Unearned Service Revenue Subscription Revenue (To record basketball ticket revenues earned) $67,200.00 $67,200.00 Brief Exercise 11-04 Your answer is partially correct. Try again. Lily University

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2. What types of information are we collecting?

5. How quickly can we manage to collect the information?

3. Tactical/strategic information.