During 2019, the band Maroon 5 is touring across the U.S. on its Red Pill Blues Tour 2019. Two of those concerts, on October 14 and 15, will be held at Madison Square Garden in New York City. Madison Square Garden has a seating capacity for concerts of approximately 19,000. According to a Business Insider article in December 2018, Maroon 5 had an average concert ticket price of $165. Assume that these two Madison Square Garden concerts were sold out on the first day the tickets were available for sale to the public, December 1st, 2018. Also assume, for the sake of simplicity, that all tickets are sold directly by Maroon 5. Questions How much gross concert revenue will Maroon receive for the two Madison Square Garden concerts? How will Maroon 5s balance sheet and income statement be impacted by the sale of the Madison Square Garden tickets on December 1st, 2018? What specific accounts will be impacted and in what direction (increased or decreased)? How much revenue will Maroon 5 recognize from the Madison Square Garden October 2019 concerts in 2018? How much in 2019? How will Maroon 5s balance sheet and income statement be impacted by the performance of the two 2019 concerts at the Madison Square Garden in 2019?.

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