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Flint University sells 6.000 season basketball tickets at $60 each for its 20 game home schedule. Prepare a tabular summary to record (a) the sale

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Flint University sells 6.000 season basketball tickets at $60 each for its 20 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, Llabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Unearned Ticket Revenue Common Stock Revenue (a) $ $ (b) Stockholders' Equity Retained Earnings Expense Revenue Dividend Miscellaneous expense Interest expense Ticket revenue Sales revenue

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