Larkspur University sells 6,000 season basketball tickets at $50 each for the entire 10-game home schedule.

(a)

Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title to record the sale of the season tickets	enter a debit amount	enter a credit amount
enter an account title to record the sale of the season tickets	enter a debit amount	enter a credit amount

(b)

Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title to record the revenue recognized after playing the first home game	enter a debit amount	enter a credit amount
enter an account title to record the revenue recognized after playing the first home game	enter a debit amount	enter a credit amount

Answer rating: 100% (QA)

a Entry to record the sale of the season tickets Account Titles a... View the full answer