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The University of Michigan football stadium, built in 1927, is one of the largest stadiums...

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Accounting

The University of Michigan football stadium, built in 1927, is one of the largest stadiums in America. Assume the university sells 105,000 season tickets to six home games before the season begins, and the athletic department collects $110.25 million in ticket sales.
Required:
1. What is the average price per season ticket and average price per individual game ticket sold?
2. & 3. Record the cash collection of $110.25 million in ticket sales (six home games) before the season begins and the appropriate entry after the first home game is completed.

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