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15-34 Customer and Airline Suppose Macy's decided to hold a managers' meeting in Honolulu in February. To take advantage of special fares, Macy's purchased airline

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15-34 Customer and Airline Suppose Macy's decided to hold a managers' meeting in Honolulu in February. To take advantage of special fares, Macy's purchased airline tickets in advance from Delta Airlines at a total cost of $55,000. Macy's acquired the tickets on December 1 for cash. Using the balance-sheet-equation format, analyze the impact of the December payment and the February travel on the financial position of both Macy's and Delta. Only evaluate the transactions for Macy's. What 2 postings are needed for December, and what 2 postings are needed for February

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