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The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 102,000 fans. Assume the

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The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 102,000 fans. Assume the stadium sells out all five home games before the season begins, and the athletic department collects $99.45 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.) Season ticket Individual game ticket 2. & 3. Record the advance collection of $99.45 million in ticket sales and the revenue earned after the first home game is completed. Of no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answer in dollars, not in millions (e. 5.5 should be entered as 5,500,000).) View transaction list View journal entry worksheet No Transaction General Journal Dabit Credit

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