Required information Exercise 7-14 (Algo) Unearned revenues-ticket sales LO 7- 3 [The following information applies to the questions displayed below.) Kirkland Theater sells season tickets for six events at a price of $66. For the 2022 season, 3,100 season tickets were sold. Exercise 7-14 (Algo) Part a - Journal entry a-2. Record the journal entry to show the effect of the sale of the season tickets. Note: 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 < 1 Record the cash collection for season ticket sales made in advance. Note: Enter debits before credits. Event General Journal Debit Credit View general jour Clear entry Record entry Required information Exercise 7-14 (Algo) Unearned revenues-ticket sales LO 7.3 [The following information applies to the questions displayed below) Kirkland Theater sels season tickets for six events at a price of $66. For the 2022 season, 3300 season tickets were sold Exercise 7-14 (Algo) Part b - Horizontal model b. Use the horizontal model to show the effect of presenting an event, indicate the financial statement effect Note: Enter decreases with a minus sign to indicate a negative financial statement effect L Expenses of 5 Required Information Exercise 7-14 (Algo) Unearned revenues-ticket sales LO 7-3 [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $66. For the 2022 season, 3,100 season tickets were sold. rences Exercise 7-14 (Algo) Part b - Journal entry b-2. Record the journal entry to show the effect of presenting an event. Note: 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 1 Record revenues earned for presenting an event. Note: Enter debits before credits. Event 1 General Journal Debit Credit Clear entry View general journal Record entry Required Information Exercise 7-14 (Algo) Unearned revenues-ticket sales LO 7-3 [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $66. For the 2022 season, 3,100 season tickets were sold. Exercise 7-14 (Algo) Part c c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified? Multiple Choice Current liability Current asset