QS 11.4 (Algo) Unearned revenue LO C2 Ticketsales, Incorporated, recelves $4,040,000 cash in advance ticket saies for a four-date tour of Bon Jovi. Record the odvance 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 soles. Ticketsales, Incorporated initially records prepaid ond unearned trems in balance sheet accounts. Journal entry worksheet Record the cash receipt in advance of concerts. Note: Enter debits before credts. Ticketsales, Incorporated, recelves $4,040,000 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, Incorporated initially records prepaid and uneamed items in balance sheet accounts. Journal entry worksheet Record the concert revenues earned. Noter Enter debis before credits