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Is the following transaction a contribution, agency, or exchange transaction, and make an appropriate entry for it: A private university coordinated its annual special event
Is the following transaction a contribution, agency, or exchange transaction, and make an appropriate entry for it:
- A private university coordinated its annual special event with the opening of the alumni weekend. tickets to the special event were $200 and included a buffet (cost, $30), admission to the university symphony (cost, $30), and a reception (cost, $35). a total of 500 tickets was sold.
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