CH. 11 EJERCICIOS w Ticketsales, Inc., receives $5,000,000 cash in advance ticket sales for a four date tour of Bon Jov. 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, Inc. Initially records prepaid and unearned Items in balance sheet accounts. View transaction list Journal entry worksheet 14 19 Record the cash receipt in advance of concerts. Note Enter debits before credits Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal MacBook Air CH. 11 EJERCICIOS w Ticketsales, Inc., receives $5,000,000 cash in advance ticket sales for a four date tour of Bon Jov. 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, Inc. Initially records prepaid and unearned Items in balance sheet accounts. View transaction list Journal entry worksheet 14 19 Record the cash receipt in advance of concerts. Note Enter debits before credits Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal MacBook Air