Question 4 Ottawa University sold 15,000 season football tickets at $80 each for

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Question 4 Ottawa University sold 15,000 season football tickets at $80 each for its six-game home schedule What entry should be made when the tickets were sold? (Credit account titles are automatically indented when the amount is entered. Do not indent manually Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT What entry should be made after each game? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS

Explanation / Answer

Cash 1200000 =15000*80      Unearned ticket revenue 1200000 Unearned ticket revenue 200000 =1200000/6      Ticket revenue 200000

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