Chapter 11 1. Assume that superior university sells 10,000 season football tickets at 50$ each for its 5 games home schedule. Record the accounting entry when the university sells the ticket and after the first game. 2. On 1/3/2020 a company purchased inventory on account for 10,000$. On 6/3/2020 the company paid the outstanding balance for the supplier. 3. On 1/3/2022 a company sold products for 100,000 $ with sales tax 10% on account. On 10/3/2022 the company collected the amount with the tax from the customer. On 30/3/2022 the company settled the tax to the authority