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T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 75,000. Assume the stadium sells out all six home games
T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 75,000. Assume the stadium sells out all six home games before the season begins and the athletic department collects $28 million in ticket sales. 1. What was the average price per season ticket and average price per individual game ticket sold? (Round your answers to the nearest dollar amount.) $ 373 Average price per season ticket Average price per individual game ticket $ 62 2. & 3. Record the following transactions for the ticket sales. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) Journal entry worksheet Record the revenue recognized after the first home game is completed. Note: Enter debits before credits. Trai ion General Journal Debit dit 2 Deferred Revenue Sales Revenue Record entry Clear entry View general journal Journal entry worksheet Record the advance collection of $28 million in ticket sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash 28,000,000 Deferred Revenue 28,000,000 Record entry Clear entry View general journal
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