kirkland Theater sells season tickets for six events at a price of $72. For the 2016 season, 3390 season tickets were sold.

use a horizontal model to show the effect of the sale of the season tickets and record the journal entry to show the effect of the sales of the season tickets.

use the horizontal model to show the effect of presenting an event and record the journal entry to show the effect of presenting an event.

where on the balance sheet with the account balance representing funds received or performance has not yet presented be classified? Current liability or current asset?