Analyze the impact of the given month payment

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Reference no: EM131822269

Question: Customer and Airline Suppose Macy's decided to hold a managers' meeting in Honolulu in February. To take advantage of special fares, Macy's purchased airline tickets in advance from Delta Airlines at a total cost of $55,000. Macy's acquired the tickets on December 1 for cash. Using the balance-sheet-equation format, analyze the impact of the December payment and the February travel on the financial position of both Macy's and Delta.

Reference no: EM131822269

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