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Kirkiond Theater solls season tickets for sik events at a price of 578 . For the 2022 season, 4,780 season tickets were sold Exercise 7-14

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Kirkiond Theater solls season tickets for sik events at a price of 578 . For the 2022 season, 4,780 season tickets were sold Exercise 7-14 (Algo) Part a - Horizontal model Requiredi a-1. Use the horizontal model to show the effect of the sale of the season tickets, Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Kirkland Theater sells season tickets for six events at a price of $78. For the 2022 season, 4,780 season tickets were soid. Exercise 7-14 (Algo) Part a - Journal entry a-2. Recotd the joumal entry to show the effect of the sale of the season tickets. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Recoret the cash collection for season ticket sales made in advance. Kirkiand Theater sells season tickets for vix events at a price of $78 :For the 2022 season, 4,780 season tickets were sold. Exercise 7-14 (Algo) Part b - Horizontal model b-1. Use the horizontai model to show the effect of presenting an event. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Kirkiand Theater selts season tickets for six events at a price of $78. For the 2022 season, 4,780 season tickets were sold. Exercise 7-14 (Algo) Part b - Journal entry b-2. Record the journal entry to show the effect of presenting an event. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet

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