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Required information [The following information applies to the questions displayed below) A local theater company sells 1,650 season ticket packages at a price of
Required information [The following information applies to the questions displayed below) A local theater company sells 1,650 season ticket packages at a price of $320 per package. The first show in the 10-show season starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show. 2. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction st Journal entry worksheet A local theater company sells 1,650 season ticket packages at a price of $320 per package. Record the sale of the season tickets before the first show. Note: Enter debits before credits Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal
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