Derby university sells 5080 season basketball tickets at, Financial Accounting

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Derby university sells 5080 season basketball tickets at

Derby University sells 5,080 season basketball tickets at $271 each for its 14-game home schedule. Give the entry to record (b) the revenue recognized by playing the first home game. Initial entry was made to DR Cash and CR Unearned ticket revenue for 1,376,680. This is now needs to have the adjusting entry for the first home game.

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