Please provide journal entries for the following:

1.Matchday Revenue (Ticket Sales): You forecast that ManU will earn 96,321 from tickets to games that are played during the 2013 season. Assume that ManU will sell some of the 2013 seats through game-day sales (30,844) and that the remainder (65,477) will be for season tickets sold in 2012 covering the 2013 season (deferred revenue on the balance sheet). Assume further that ManU will sell (for cash) 48,976 of tickets during 2013 for the 2014 season.

2. Broadcasting Revenue: Assume that contracts for media coverage are signed prior to the start of the season (e.g., contracts covering the 2013 season were signed in 2012), but the cash is received both during and after the end of the season (e.g., cash for the 2013 season media rights is received in 2013 and 2014). You forecast that ManU will earn 100,544 from broadcasting games during the 2013 season, of which 59,863 will be paid in cash during 2013 and 40,681 will remain uncollected (trade receivables in the current assets section on the balance sheet) at year end 2013. In addition, ManU will collect any amounts due it as of the beginning of 2013 during 2013. Finally, during 2013, ManU will sign a contract for 102,332 for rights to the 2014 season, payment to be received in 2014 and 2015.

3. Commercial Revenue (Merchandise): Assume that Manu charges royalties on merchandise sold rather than owning the inventory themselves. Assume that ManU will receive 131,136 in cash during 2013 for merchandise sold in 2013.

4. An unusual aspect of ManUs business is that they buy and sell player registrations (contracts) for cash. Basically, the idea is analogous to property, plant and equipmentwhen they buy a player registration, they depreciate it straight line over its life and record a sale if the players contract is ultimately sold. Assume that in 2013 they buy additional player registrations of 40,150 and record amortization totaling 37,700 on all player registrations. Assume further, that player registrations have a life of 5 years and that during 2013 they sell player registrations with a historical cost of 20,500 which are three years through their life at the time of sale and receive 10,800 of cash on the sale.