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Journal entry to show the effect of sales.
Unearned revenues - ticket sales. Kirkland theatre sells seasons tickets for six events at a price of $252. For the season 2009, 1,200 season tickets were sold.
a) Write the journal entry to show the effect of the sale of the season tickets.
b) Write the journal entry to show the effect of presenting an event.
c) Where on the balance sheet would the account balance representing funds received for performance not yet presented be classified?
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