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1. In August 2022, Fugazi City College collected $240,000 cash from sales of season tickets for the team's 10 home games for the upcoming season

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1. In August 2022, Fugazi City College collected $240,000 cash from sales of season tickets for the team's 10 home games for the upcoming season and credited the amount to Unearned Ticket Revenue. Fugazi City College played 6 home games during the months of August, September, and October. What was the adjusting entry required at Oetober 31, 2022 for Ticket Revenue? (3 points)

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