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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
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 fulfillng 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 Requlred" In the first account field.) ew transaction lst Journal entry worksheet A local theater company sells 1,400 season ticket packages at a price of $295 per package. Record the sale of the season tickets before the first show. Note: Enter debits before credits. General Journal Record entry Clear entry Mew general journal
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