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Cedar Point is an amusement park in Sandusky, Ohio, owned by Cedar Fair Entertainment Company. Over 3.5 million people visit Cedar Point each year between May and October It covers 364 acres and has more than 150 rides and attractions, including 16 roller coasters. Cedar Point is the operating amusement park in the United States (the oldest is Lake Compounce in Connecticut) Millions of events occur at Cedar Point each year. The following items are possible events (Click the icon to view the possible events.) Read the requirements Requirement 1. What criteria does an event have to meet to qualify as a financial transaction? Identify which of the listed events are financial transactions Begin by selecting the criteria an event has to meet to qualify as a financial transaction. (Select two possible answers.) Can be measured reliably Has a financial impact on a business Identify which of the listed events are financial transactions. (Select "Yes" if it is a financial transaction and "No" if it is not a financial transaction.) Sell admission tickets, $100,000, cash Purchase merchandise inventory, $5,000, on account Rent lockers to guests, $500, cash Sign a letter of intent to switch electric suppliers starting in June Pay employees, $75,000, cash Make an offer of employment for a new position in the Merchandise & Games office Borrow money from bank by signing a six-month note, $200,000

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