QS 9-4 (Algo) Unearned revenue LO C2 Ticketsales, Incorporated, receives $4,360,000 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. Ticketsoles, Incorporated initially records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet 2 Record the cash receipt in advance of concerts. Note: Enter debts before credits General Journal Debit Credit Date October 31 Record entry Clear entry View general Journal Journal entry worksheet