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Taylor Swift began selling tickets for her local concert six months in advance of the date of the show. Prior to the concert, the concert
Taylor Swift began selling tickets for her local concert six months in advance of the date of the show. Prior to the concert, the concert sold $8,000,000 worth of tickets in cash. How is the sale of concert tickets recorded prior to the date of the show?
DR Cash $8,000,000 CR Unearned Ticket Revenue $8,000,000 | ||
DR Cash $8,000,000 CR Revenue $8,000,000 | ||
DR Accounts Receivable $8,000,000 CR Unearned Ticket Revenue $8,000,000 | ||
DR Accounts Receivable $8,000,000 CR Revenue $8,000,00 |
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