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2 QS 9-4 (Algo) Unearned revenue LO C2 eBook Ticketsales, Incorporated, receives $4,360,000 cash in advance ticket sales for a four-date tour of Bon
2 QS 9-4 (Algo) Unearned revenue LO C2 eBook Ticketsales, Incorporated, receives $4,360,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket sales on October 31. Record the revenue earned for the first concert date of November 5, assuming it represents one-fourth of the advance ticket sales. Ticketsales, Incorporated initially records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet 2.5 points Print < 1 2 Record the cash receipt in advance of concerts. References Note: Enter debits before credits Date General Journal Debit Credit October 31 Record entry Clear entry View general journal
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