The Redsocks sold 20 season baseball tickets at 4,000 each for the upcoming seasons 40...
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Accounting
The Redsocks sold 20 season baseball tickets at 4,000 each for the upcoming seasons 40 home game schedule. How does this transaction affect the accounting equation?
1: increase assets 4,000; increase stockholder equity 4,000
2: increase stockholder equity 80,000; increase liabilities 80,000
3:increase assets 80,000; increase liabilities 80,000
4: increase stockholder equity 80,000; decrease liabilities 80,000
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