A local theater company sells 1,450 season ticket packages at a price of $260 per package. The first show in the ten-show season starts this week.

(a) The sale of the season tickets before the first show.

(b) The revenue earned after putting on the first show. Indicate the effects of the amounts for the above transactions.

Indicate the effects of the amounts for the above transactions. (Enter any decreases to account balances with a minus sign.)

Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)