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2) Season tickets for the Packers are priced at an average of $250 per ticket/per game and they play 8 home games each season. There
2) Season tickets for the Packers are priced at an average of $250 per ticket/per game and they play 8 home games each season. There are 80,000 seats at Lambeau Field and fans pay in advance for the season's tickets. a) Calculate the amount of Unearned Revenue that the Packers would show as a current liability at the start of the season. b) Prepare the journal entry that the Packers would record after each home game to recognize revenue: Dr. Cr. c) After 6 games have been played, what amount will the Packers show as the remaining current liability on their balance sheet
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