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T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 50,000. Assume the stadium sells out all four home games
T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 50,000. Assume the stadium sells out all four home games before the season begins and the athletic department collects $30 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.) Average price per season ticket Average price per individual game ticket 2. Record the advance collection of $30 million in ticket sales. (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 millions. For example, 7,000,000 rather than 7 million.) View transaction list Journal entry worksheet Record the advance collection of $30 million in ticket sales. Note: Enter debits before credits. Debit Credit Event General Journal Record entry Clear entry View general journal 3. Record the revenue earned after the first home game was 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 millions. For example, 7,000,000 rather than 7 million. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the revenue earned after the first home game was completed. Note: Enter debits before credits. Debit Credit Event General Journal Record entry Clear entry View general journal
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