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Business, 14.02.2020 05:12 mollycompton04

State University sold all of its basketball tickets to its students for 15 home games on September 30 for $1,200,000 (basketball season starts November 1). Assuming the college basketball team played six home games prior to year-end, what adjusting journal entry (if any) is necessary on December 31, assuming the initial student ticket transactions were recorded on September 30?

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State University sold all of its basketball tickets to its students for 15 home games on September 3...
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