Check my Required information (The following information applies to the questions displayed below.) 12 A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10 show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. ces 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders eq with a minus sign.) Many businesses borrow money during periods of increased business activity to finance invento example, Mattel builds up its inventory to meet the needs of retailers selling to Christmas shoppe are on credit. As a result, Mattel often collects cash from its sales several months after Christmas borrowed $6 million cash from Metropolitan Bank and signed a promissory note that matures in percent payable at maturity. The accounting period ends December 31 pints Required: eBook Hint 1. Indicate the accounts, amounts, and effects of the (a) issuance of the note on November 1; (b) December 31, 2018; and (c) the payment of the note and interest on April 30, 2019, on the acc intermediate calculations. Enter your answers in whole dollars. Enter any decreases to ass with a minus sign.) Print eferences - Date November 1, 2018 December 31, 2018 April 30, 2019 Assets Cash Notes Payable (short-term) Cash 6,000,000 80,000