Season tickets for the Dingos are priced at $440 and include 22 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,464,000. By the end of October, $1,904,000 of the Unearned Ticket Revenue had been recognized as revenue.

Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account Debit Credit Account Titles and Explanation X Unearned Ticket Revenue 2464000 Ticket Revenue 2464000 Prepare the entry to recognize the revenue after the first home game had been played. (Cred Account Titles and Explanation Debit Credit Unearned Ticket Revenue 1904000 Ticket Revenue 1904000