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Flounder University sells $.200 season basketball tickets at $75 each for its 20 -game home schedule. Prepare a tabular summary to record (a) the sale
Flounder University sells $.200 season basketball tickets at $75 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. Of a tranioction couses a decreose in Assets, Llabilities or Stockholders' Equith, place a negative sign (or parentheses) in front of the omount entered for the particuilar Asset, Liobialty or Eesuity item that was reduced.) Flounder University sells 5,200 season basketball tickets at $75 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 transoction 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)
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