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Named in honor of the late Dr. F. C. Phog Allen, the Kansas Jayhawks' head coach for 39 years, Allen Fieldhouse is labeled by many
Named in honor of the late Dr. F. C. "Phog" Allen, the Kansas Jayhawks' head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball game. Allen Fieldhouse has a seating capacity of 16,500. Assume the basketball arena sells out all 14 home games before the season begins, and the athletic department collects $23,100,000 in ticket sales Required: 1. What is the average price per season ticket and average price per individual game ticket sold? Season ticket Individual game ticket 2 & 3. Record the advance collection of $23,100,000 in ticket sales and the revenue earned after the first home game is completed. (If no entry is required for a transa select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the revenue earned after the first home game is completed. Note: Enter debits before credits. General Journal Credit Transaction Debit 2 Record entry Clear entry View general journal
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