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Required information [The following information applies to the questions displayed below] A local theater company sells 1,450 season ticket packages at a price of $260

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Required information [The following information applies to the questions displayed below] A local theater company sells 1,450 season ticket packages at a price of $260 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, llabilities, or stockholders equity with a minus sign.) Journal entry worksheet A local theater company sells 1,450 season ticket packages at a price of $260 per package. Record the sale of the season tickets before the first show. Note: Enter debits before credits. Journal entry worksheet A local theater company sells 1,450 season ticket packages at a price of $260 per package. Record the revenue after the first show. Note: Enter debits before credits

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