Knowledge Check 01 On September 1, Year 1, the Central Ilinois University ticket office sold $1,800,000 worth of season basketball tickets. Ten home games will be played: four games will be played during Year 1 and six games will be played during Year 2. What is the adjusted balance in Deferred Revenue account at December 31. Year 1? Knowledge Check 01 On January 1. Year 1. a compan 3). Which of the following statements about this loan are question mark to produce a check mark for a correct answer and double click the box with the question mark a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) ny borrows $50,000 with the promise to repay the amount plus interest in two years (on January 1. Year true? (You may select more than one answer. Single click the box with the to empty the box for 2 The company reports only the accrued interest on the loen as a current loblity in the balance sheet prepared es of December 31. Year 12 The company reports principal and the accrued interest on the loan as a current lability in the balance sheet prepared as of December 31. Year 1 2 The Curen Portion of Long-Term Debr account belende wil eouel $50,000 ot December 3t Year 1 2 The Long-Term Debt accournt belance will equal $50000 at December 31 Yeor f Knowledge Check 01 Marianne's Grocery sold groceries for $100 cash plus 10 percent sales tax Prepare the appropriate journal entry to record the sale. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field) View transaction list Journal entry worksheet Record the sale of groceries for $100 cash plus 10 percent sales tax debits betcre cred ts