Culver University sells $6,500$ season basketball tickets at $$40$ each for its $13-$game home schedule.

Prepare a tabular summary to record $($a$)$ the sale of the season tickets and $($b$)$ the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that vas reduced.$)q,$

$q,+q,$

$q,$

Cash

$=$ Unearned Ticket Revenue

Common Stock

Revenue

$($a$)$

$ $$ $ $$

$$ $ $$

$($b$)$

$$

$$

$$

Culver University sells $6,500$ season basketball tickets at $$40$ each for its $13-$game home schedule.

Prepare a tabular summary to record $($a$)$ the sale of the season tickets and $($b$)$ the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$