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During the month of May, Starlight Concerts Company sells season passes to concertgoers that allow the ticket holder to attend all the concerts at the

During the month of May, Starlight Concerts Company sells season passes to concertgoers that allow the ticket holder to attend all the concerts at the venue during the summer (JuneAugust). In May, the company sold $12,000 in summer season passes. The company offers an equal amount of concerts each month between June and August. At the end of June, which of the following adjusting entries should the company record?
a. Debit Cash for $4,000 and credit Ticket Revenue for $4,000
b. Debit Ticket Revenue for $4,000 and credit Unearned Ticket Revenue for $4,000
c. Debit Unearned Ticket Revenue for $4,000 and credit Ticket Revenue for $4,000
d. Debit Cash for $12,000 and credit Ticket Revenue for $12,000

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