Question: Second Journal Entry:Record the revenue recognized after the first home game is completed. T. Boone Pickens football stadium at Oklahoma State University has a seating
Second Journal Entry:Record the revenue recognized after the first home game is completed.
T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 65,000. Assume the stadium sells out all four home games before the season begins and the athletic department collects $28 million in ticket sales. 1. What was the average price per season ticket and average price per Individual game ticket sold? (Round your answers to the nearest dollar amount.) Average price per season ticket Average price per individual game ticket 2. & 3. Record the following transactions for the ticket sales. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) View transaction lat Journal entry worksheet Record the advance collection of s28 million in ticket sales. Note: Enter debits before credits. Transaction General Journal Debit Credit
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