S9-3 Unearned revenue LO C2 Ticketsales, Inc., receives $4,520,000 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. Journal entry worksheet Record the cash receipt in advance of concerts. Note: Enter debits before credits. Debit Credit Date Oct 31 General Journal Record entry Clear entry