Review TP1. Review current season ticket prices for one Major League Baseball team. Choose one season ticket price area to review.

A. Determine what is recognized as per ticket revenue after each game is played for your chosen season ticket price area. Assume an equal amount is distributed per game. Do not include playoff games or preseason games in your computations. If parking and other amenities are factored into the season ticket price, please continue to include them in your calculations.

B. Determine an average attendance figure for this team during the 2016 season for all seating areas, and per game (assume equal distribution of game attendance), and use this as a projection for future attendance. You may use Ballparks of Baseball http://www.ballparksofbaseball.com/2010s-ballparkattendance/

for attendance figures.

C. Assume that attendance is distributed equally between all season ticket areas. Determine the attendance for your season ticket area for the season and per game.

D. Determine the total unearned ticket revenue amount before the season begins. Assume all season ticket holders paid with cash, in full.

E. Prepare the journal entry to recognize unearned ticket revenue at the beginning of the season for your chosen season ticket area. Assume all seats are filled by season ticket holders. Show any support calculations and documentation used.

F. Prepare the journal entry to recognize ticket revenue earned after the first game is played in your chosen season ticket area.

G. Suppose the team only records revenues every three months (at the end of each month), record the journal entry to recognize the first three months of ticket revenue earned during the season in your chosen season ticket area.

Data From TP1:

Research a Major League Baseball team’s season ticket prices. Pick one season ticket price level.