Complete questions

Required information (The following information applies to the questions displayed below) A local theater company seis 1,400 season ticket packages at a price of $295 per package. The first show in the 10 -show season starts this week (a) The sale of the season tokets before the first show. (b) The revenue from fulfiling the performance obligation by puting on the first show. 1. Indicate the effects of the amounts for the above transactions (Enter any decreases to assets, liabilities, or stockholders equity with e minus sign) [The following information applies to the questions displayed below] A local theater company sells 1,400 season ticket packages at a price of $295 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 fulfiling the performance obligation by putting on the first show. Prepare the journal entries related for the above transactions. (If no entry is required for o transaction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet 2 > A local theater company sells 1,400 season ticket packages at a price of $295 per package. Pecord the sale of the season tickets before the first show. Note: Enter debits before tredits. A local theater company sens 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. 2. Prepare the journal entries related for the above transactions. (If no entry is required for o transaction/event, select "No Journol Entry Required" in the first occount field.) Journal entry worksheet A local theater company sells 1,400 season ticket packages at a price of $295 per package. Record the revenue after the first show. Noter Enter debits before credits