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Accounting equation effects and prepare the journal entries

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A local theater company sells 1,500 season ticket packages at a price of $ 250 per package. The first show in the ten-show season starts this week. Show the accounting equation effects and prepare the journal entries related to (a) The sale of the season tickets before the first show and (b) The revenue earned after putting on the first show.

Reference no: EM13867851

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