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If a company has advance ticket sales totaling $2,000,000 for the upcoming baseball season, the receipt of cash would be journalized as: Debit Sales, credit

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If a company has advance ticket sales totaling $2,000,000 for the upcoming baseball season, the receipt of cash would be journalized as: Debit Sales, credit Unearned Revenue. Debit Unearned Revenue, credit Sales. + Debit Cash, credit Unearned Revenue. Debit Unearned Revenue, credit Cash. Debit Cash, credit Ticket sales payable. Next >

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