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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 108,000 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 108,000 fans. Assume the stadium sells out all five home games before the season begins, and the athletic department collects S83.70 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.) Record the advance collection of S63.70 million in ticket sales and the revenue earned after the first home game is completed, (If 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 (i.e. 5.5 should be entered as 5, 500,000).)

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