National Champions University has a football stadium that seats up to 80,000 fans. Details include: Six home games each year. Season passes are sold for $400 each ($100 per game). All 60,000 season passes are sold over the period January through August (prior to the season). Cash is received at the time of the sale. The six home games consist of two in September, three in October, and one in November. Cash Received, Deferred Revenue, and Revenue Recognized $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cash Received: Season Pass Sales Sales Revenue Recognized Deferred Revenue Click here to open graph in separate window. The bar graphs show the total cash received from season pass sales and sales revenue recognized by the university each month. The line graph plots the balance of the Deferred Revenue account over the year. Answer the following questions. In September, two home games were played. Record the entry related to season passes for the month of September (Hint: Two home games represent one-third of the six home games for the season). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) home games represent eretning of the site View transaction list View journal entry worksheet No Event General Journal Debit Credit 1. No Transaction Recorded What will be the balance of Deferred Revenue after the final home game is played in November? Deferred Revenue