127. T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 60,000. Assume the stadium sells out all six home games before the season begins and the athletic...

127. T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 60,000. Assume the stadium sells out all six home games before the season begins and the athletic department collects $30.6 million in ticket sales.

1. What was the average price per season ticket and average price per individual game ticket sold?

2. Record the advance collection of $30.6 million in ticket sales.

3. Record the revenue earned after the first home game was completed.

128. During November, Wireless, Inc.
makes a $1,600 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.5%. Record sales revenue and sales tax payable.