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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

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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 Dr. Ticket revenue 120,000 and Cr, unearned revenue a 120,000 Dr. Unearned Ticket revenue 120,000 and Cr. Ticket bo revenue 120,000 Dr. Ticket revenue 40,000 and Cr. unearned revenue 40,000.CO Dr. Unearned Ticket revenue 40,000 and Cr. Ticket revenue .d O 40,000

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