Current Attempt in Progress

Pronghorn University sells $6,700$ season basketball tickets at $$40$ each for its $20-$game home schedule.

Prepare a tabular summary to record $($a$)$ the sale of the season tickets and $($b$)$ the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$