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The Redsocks sold 20 season baseball tickets at 4,000 each for the upcoming seasons 40 home game schedule. How does this transaction affect the accounting
The Redsocks sold 20 season baseball tickets at 4,000 each for the upcoming seasons 40 home game schedule. How does this transaction affect the accounting equation?
1: increase assets 4,000; increase stockholder equity 4,000
2: increase stockholder equity 80,000; increase liabilities 80,000
3:increase assets 80,000; increase liabilities 80,000
4: increase stockholder equity 80,000; decrease liabilities 80,000
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