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Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from 1/5/2020 to 31/8/2020. The adjusting entry on 31/5/2020 is: O

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Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from 1/5/2020 to 31/8/2020. The adjusting entry on 31/5/2020 is: O a. Dr. Ticket revenue 40,000 and Cr. unearned revenue 40,000 O b. Dr. Ticket revenue 120,000 and Cr. unearned revenue 120,000 Oc. Dr. Unearned Ticket revenue 40,000 and Cr. Ticket revenue 40,000 O d. Dr. Unearned Ticket revenue 120,000 and Cr. Ticket revenue 120,000

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