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Bramble University sells 3,800 season basketball tickets at $80 each for its 8-game home schedule. Bramble considers revenue to be earned proportionately as each
Bramble University sells 3,800 season basketball tickets at $80 each for its 8-game home schedule. Bramble considers revenue to be earned proportionately as each game is played, regardless of how many ticket-holders attend the game. For the journal entries below, use the following account abbreviations: REV = revenues; CASH = Cash; UNREV = unearned revenue; PRE= Prepaid tickets. Do not include $ signs for dollar amounts. . Show the journal entry to record the cash sale of the 3,800 season tickets. Debit: Credit: Show the journal entry to record the revenue recognized after Bramble's basketball team plays the first home game. Debit: Credit: After the 3rd game is completed, how much total revenue will Bramble have recognized from the season tickets? $ After the 6th game is completed, what is Bramble's remaining liability for unplayed games? $
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