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Record the following transaction. Identify if it is a contribution, agency , or exchange transaction, and prepare any appropriate entires: Private University coordinated its annual
Record the following transaction. Identify if it is a contribution, agency , or exchange transaction, and prepare any appropriate entires:
Private University coordinated its annual special event with the opening of the alumni weekend. Tickets to the special event were $200 and included a buffet (cost $30), admission to the university symphony (cost, $30), and a reception (cost, $35). A total of 500 tickets was sold.
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