Adjustment for Unearned Revenues Using T accounts Set up T accounts for Cash, Unearned Ticket Revenue, and Ticket Revanue. Post the following two transactions to the appropriate indicating each transaction by letter: a. Sold 1,200 season tickets at $400 each, recelving cash of $480,000 b. An end-of-period adjustment is needed to recognize that $120,000 in ticket revenue has been earned Ticket Revenue Unearned Ticket Revenue DOLL 8