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Saved The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 102,500 fans. Assume
Saved The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 102,500 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $123.00 million In ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not in millions (ie. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket 2. & 3. Record the advance collection of $123.00 million in ticket sales and the revenue earned after the first home game is completed. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (ie. $5.5 million should be entered as 5,500,000)) View transaction test Journal entry worksheet Record the advance collection in ticket sales. Not Enter debts before credits Transaction Gener Joure
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