Washburn University sells 7,940 season basketball tickets at $43 each for its 15

Question

Washburn University sells 7,940 season basketball tickets at $43 each for its 15-game home schedule.

(a) Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

(b) Give the entry to record the revenue recognized after playing the first home game. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

Account Titles and Explanation

Debit

Credit

Explanation / Answer

Washburn University sells 7,940 season basketball tickets at $43 each for its 15

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