Camp Nou in Barcelona, Spain is the one of the largest soccer stadiums in the world...
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Camp Nou in Barcelona, Spain is the one of the largest soccer stadiums in the world with a seating capacity of 104,000 fans. Assume Camp Nou sells out all five home soccer games before the season begins, and collects $96.20 million in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket 2. & 3. Record the advance collection of $96.20 million in ticket sales and the revenue earned after the first home game is completed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 Record the advance collection in ticket sales. 2 Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal > Journal entry worksheet [²] Record the revenue recognized after the first home game is completed. < 1 Note: Enter debits before credits. Transaction 2 Record entry General Journal Clear entry Debit Credit View general journal Camp Nou in Barcelona, Spain is the one of the largest soccer stadiums in the world with a seating capacity of 104,000 fans. Assume Camp Nou sells out all five home soccer games before the season begins, and collects $96.20 million in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket 2. & 3. Record the advance collection of $96.20 million in ticket sales and the revenue earned after the first home game is completed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 Record the advance collection in ticket sales. 2 Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal > Journal entry worksheet [²] Record the revenue recognized after the first home game is completed. < 1 Note: Enter debits before credits. Transaction 2 Record entry General Journal Clear entry Debit Credit View general journal
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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