QS 11-3 Unearned revenue LO C2 Ticketsales, Inc., receives $6,840,000 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. View transaction list Journal entry worksheet 1 Record the cash receipt in advance of concerts. Note: Enter debits before credits General Journal Debit Credit Date Oct 31 Record entry Clear entry View general Journal QS 11-3 Unearned revenue LO C2 Ticketsales, Inc., receives $6,840,000 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 View transaction list Journal entry worksheet Record the concert revenues earned. Note: Enter debits before credits General Journal Debit Credit Date Nov 05 Record entry Clear entry View general journal