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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 110.000 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 110.000 fans. Assume the stadium sells out all five home games before the season begins, and the athletic department collects 568.75 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 le 55.5 million should be entered as 5.500.000).) Per individual game ticket 2. & 3. Record the advance collection of $68.75 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 answers in dollars, not in millions (e. 55.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet Record the advance collection in ticket sales Note: Enter debts before credits General Journal Debit Credit Record entry Cleary View generalfournal Journal entry worksheet

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