[The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $42. For the 2016 season, 2,460 season tickets were sold. 4. value: 1.00 points Required: a-1. Use the horizontal model to show the effect of the sale of the season tickets. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Liabilities Income Statement Revenues Assets = + Stockholders' Equity Net Income = - Expenses 5. value: 1.00 points a-2. Record the journal entry to show the effect of the sale of the season tickets. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cash collection for season ticket sales made in advance. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal 6. value: 1.00 points b-1. Use the horizontal model to show the effect of presenting an event. (Use amounts with + for increases and amounts with - for decreases.) Income Statement Balance Sheet Liabilities Assets = + Stockholders' Equity Net Income = Revenues Expenses 7. value value: 1.00 points b-2. Record the journal entry to show the effect of presenting an event. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record revenues earned for presenting an event. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal References eBook & Resources