Required information [The following information applies to the questions displayed below Kirkland Theater sells season tickets for six events at a price of $60. For the 2019 season, 3,370 season tickets were sold b-2. Record the journal entry to show the effect of presenting an event (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)b-2. Record the journal entry to show the effect of presenting an event. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The journal entry is as follows

Unearned ticket revenue Dr  $33,700

       To Ticket revenue  $33,700

(Being the unearned ticked revenue is recorded)

The computation is shown below:

= Number of seasons sold × Price of six events ÷ number of events held

= 3,370 × $60 ÷ 6

= 3,370 × $10

= $33,700

So we debited the unearned ticket revenue and credited the ticket revenue

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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