Qs 9-3 Unearned revenue LO C2 Ticketsales, Inc., recelves $6,840,000 cash In advance ticket sales for a four-date tour of Bon Jov. 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. Inltially records prepaid and unearned items In balance sheet accounts. View transaction list View journal entry worksheet General Journal Debit Credit 1 Oct 31 Cash Unearned ticket revenue 2 Nov 05 Unearned ticket revenue Earned ticket revenue