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The Houston Mavericks basketball team receives $7,500 for season tickets on August 1. By December 31, $4,500 of the revenue has been eamed. The adjusting
The Houston Mavericks basketball team receives $7,500 for season tickets on August 1. By December 31, $4,500 of the revenue has been eamed. The adjusting entry to be made on December 31 includes a: O O A. debit to Unearned Revenue of $4,500. OB. credit to Prepaid Revenue of $3,000. C. credit to Unearned Revenue of $4,500. D. debit to Ticket Revenue of $4,500
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