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Riverbed University sells 4,700 season basketball tickets at $80 each for its 10-game home schedule....

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Riverbed University sells 4,700 season basketball tickets at $80 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash = + Common Stock Revenue Unearned Ticket Revenue $ (a) $ $ $ $ (b) Riverbed University sells 4,700 season basketball tickets at $80 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense $ Revenue Dividend $ $ $

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