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Required Information The following information applies to the questions displayed below A local theater company sells 1,400 season ticket packages at a price of $295

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Required Information The following information applies to the questions displayed below A local theater company sells 1,400 season ticket packages at a price of $295 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. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, labllities, or stockholders equlty with a mlnus sign.) Assets Equity

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