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Check my Ticketsales, Inc., receives $6,360,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket sales on October
Check my Ticketsales, Inc., receives $6,360,000 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, Inc. initially records prepaid and unearned items in balance sheet accounts. points View transaction list eBook Journal entry worksheet Hint Record the cash receipt in advance of concerts. Print Note: Enter debits before credits. References Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal Check my Ticketsales, Inc., receives $6,360,000 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, Inc. initially records prepaid and unearned items in balance sheet accounts. points View transaction list eBook Journal entry worksheet Hint Record the concert revenues earned. Print Note: Enter debits before credits. References General Journal Debit Credit Date Nov 05 Record entry Clear entry View general Journal
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